Regal Entertainment Group Announces Proposed Offering of $275 Million of Senior Notes

on August 10, 2010
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KNOXVILLE, Tenn. -- Regal Entertainment Group ("Regal" or the "Company") (NYSE: RGC), announced today that it plans to offer $275 million aggregate principal amount of its senior notes due 2018 (the "Notes"). The Company anticipates that the offering will close on or around August 16, 2010, subject to customary closing conditions. The Company intends to use all of the net proceeds of the offering (i) to redeem all of Regal Cinemas' outstanding 9.375% senior subordinated notes due 2012, (ii) to repurchase or repay all of the Company's outstanding 6.25% convertible senior notes due 2011, (iii) to pay fees and expenses related to this offering, and (iv) for general corporate purposes, which may include the redemption, repayment or repurchase of other indebtedness.

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