PLANO,
Texas— July 14, 2009—Cinemark, Inc. (the
“Company”) previously announced that it had commenced a
cash tender offer (the “Tender Offer”) for any and all
of its 9 3
/ 4 % Senior
Discount Notes due 2014 (the “Notes”), of which
$419,403,000 principal amount at maturity were outstanding at such
time. In conjunction with the Tender Offer, the Company also
solicited consents (the “Consent Solicitation” and
together with the Tender Offer, the “Offer”) to adopt
proposed amendments to the Indenture, dated as of March 31,
2004 (the “Indenture”), under which the Notes were
issued that would eliminate substantially all restrictive covenants
and certain event of default provisions contained in the Indenture.
On June 29, 2009, the Company announced that, in accordance
with the terms and conditions of the Offer to Purchase and Consent
Solicitation Statement dated June 15, 2009, it had received
tenders of Notes and deliveries of related consents from holders of
$402,458,768 principal amount at maturity of the outstanding Notes,
or 95.96%, as of 5:00 p.m., New York City time, on June 26,
2009 (the “Consent Date”). As a result of the
Company’s acceptance for purchase and payment of such
tendered Notes and the receipt of related consents as of the
Consent Date, the supplemental indenture with respect to the Notes
(the “Supplemental Indenture”) became effective, and
the amendments therein became operative, on June 29,
2009.
