Regal Cinemas Corporation -- Moody's assigns Ba1 rating to Regal's proposed senior secured term loan

New York, May 24, 2016 -- Moody's Investors Service has assigned a Ba1 rating to Regal Entertainment Group's wholly-owned subsidiary Regal Cinemas Corporation's ("Regal") proposed senior secured term loan. The proceeds from the issuance will be used to repay the existing senior secured term loan outstanding at Regal. We expect the transaction will reduce the interest rate spread over LIBOR from 300 basis points to 275 basis points, resulting in annual interest savings of around $2.5 million. The transaction will not change the amount of absolute debt at Regal. The company's B1 Corporate Family Rating (CFR) and stable outlook remain unchanged.

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