PLANO, Texas, Mar 10, 2010 (BUSINESS WIRE) -- Cinemark Holdings, Inc. ("Cinemark") (NYSE: CNK) today announced that it
is filing a prospectus supplement to its existing shelf registration
statement with the U.S. Securities and Exchange Commission relating to
an underwritten public offering by Madison Dearborn Capital Partners IV,
L.P. of 7,733,076 shares, Syufy Enterprises, LP of 1,266,924 shares and
the Mitchell Special Trust of 1,000,000 shares of its common stock. Upon
completion of the offering, Madison Dearborn Capital Partners IV, L.P.,
Syufy Enterprises, LP and the Mitchell Special Trust will own
approximately 32.1%, 5.3% and 4.9%, respectively, of Cinemark's common
stock. Cinemark will not receive any proceeds from this sale of its
common stock.
Morgan Stanley & Co. Incorporated and Barclays Capital Inc. are the
underwriters of the offering. The offering will be made only by means of
a prospectus supplement and accompanying base prospectus. Interested
persons may obtain copies of the prospectus and related prospectus
supplement from Morgan Stanley & Co. Incorporated, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York
10014; (email address: prospectus@morganstanley.com)
or by calling (866) 718-1649; or from Barclays Capital Inc., c/o
Broadridge, Integrated Distribution Services, 1155 Long Island Avenue,
Edgewood, New York 11717; Barclaysprospectus@broadridge.com
(phone: 888-603-5847). A copy of the prospectus supplement and
accompanying base prospectus may also be obtained at no charge at the
U.S. Securities and Exchange Commission's website, at www.sec.gov.
The shelf registration statement relating to the foregoing has
previously been filed with, and declared effective by, the U.S.
Securities and Exchange Commission. This press release does not
constitute an offer to sell or a solicitation of an offer to buy the
shares of Cinemark's common stock or any other securities, nor will
there be any sale of the shares of Cinemark's common stock or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Additional Information for Investors
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The
"forward-looking statements" include our current expectations,
assumptions, estimates and projections about our business and our
industry. They include statements relating to future revenues, expenses
and profitability, the future development and expected growth of our
business, projected capital expenditures, attendance at movies generally
or in any of the markets in which we operate, the number or diversity of
popular movies released and our ability to successfully license and
exhibit popular films, national and international growth in our
industry, competition from other exhibitors and alternative forms of
entertainment and determinations in lawsuits in which we are defendants.You can identify forward-looking statements by the use of words such
as "may," "should," "could," "estimates," "predicts," "potential,"
"continue," "anticipates," "believes," "plans," "expects," "future" and
"intends" and similar expressions which are intended to identify
forward-looking statements. These statements are not guarantees of
future performance and are subject to risks, uncertainties and other
factors, some of which are beyond our control and difficult to predict
and could cause actual results to differ materially from those expressed
or forecasted in the forward-looking statements. In evaluating
forward-looking statements, you should carefully consider the risks and
uncertainties described in the "Risk Factors" section or other sections
in our Annual Report on Form 10-K filed March 10, 2010 and quarterly
reports on Form 10-Q. All forward-looking statements attributable to us
or persons acting on our behalf are expressly qualified in their
entirety by these cautionary statements and risk factors.
Forward-looking statements contained in this press release reflect our
view only as of the date of this press release. We undertake no
obligation, other than as required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Cinemark Holdings, Inc.
Headquartered in Plano, TX, Cinemark is the second largest motion
picture exhibitor in the world in terms of both attendance and the
number of screens in operation. As of December 31, 2009, Cinemark
operates 424 theatres and 4,896 screens in 39 states in the United
States and one Canadian province and internationally in 13 countries,
including Brazil, Mexico, Chile, Colombia, Argentina, Peru, Ecuador,
Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala. For
more information go to www.cinemark.com.
SOURCE: Cinemark Holdings, Inc.
For Cinemark Holdings, Inc.
Robert Copple 972-665-1500
or Rob Rinderman 212-835-8500
