« Previous | Next » | All Messages |  RGC Message Board Home | recommend post |  Ignore Poster

RGC News Regal Entertainment Group Announces Proposed Secondary Offering of 7,728,328 Shares of Class A Common Stock

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Regal Entertainment Group (NYSE:RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission for a proposed secondary offering of 7,728,328 shares of its Class A common stock. An additional 500,000 shares may be sold if the underwriters exercise in full their option to purchase additional shares.

The shares are being offered by OCM Principal Opportunities Fund II LP ("OCM"), and were originally acquired by OCM in connection with the original exchange transaction in April 2002 forming Regal Entertainment Group. The registration statement is being filed at OCM’s request pursuant to registration rights contained in a stockholders agreement, which Regal entered into with OCM at the time of the exchange transaction.

Credit Suisse Securities (USA) LLC is the sole underwriter for the proposed offering.

This press release is not an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of 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. Any offers of the Class A common stock will be made only by means of a prospectus, copies of which may be obtained by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010 (Tel: 212-325-2580). The prospectus also will be filed with the Securities and Exchange Commission and will be available at the Commission's website at http://www.sec.gov.

About Regal Entertainment Group

Regal Entertainment Group (NYSE:RGC) is the largest motion picture exhibitor in the world. The Company's theatre circuit, comprising Regal Cinemas, United Artists Theatres and Edwards Theatres, operates 6,386 screens in 539 locations in 40 states and the District of Columbia.