New Line files with SEC to offer 2 million shares

As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares.

In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments.

Morgan Stanley & Co., Donaldson, Lufkin & Jenrette Securities Corp., Furman Selz Inc. and Kidder, Peabody & Co. will manage the offering.

New Line expects to use the net proceeds from the offering for general corporate purposes, including the financing of its production and acquisition of new film projects. Initially all of the net proceeds will be used to reduce debt under the company’s credit facility.

More Biz

  • LA Times building

    Los Angeles Times Newsroom Votes 248-44 in Favor of Unionization

    As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares. In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments. Morgan Stanley & Co., Donaldson, Lufkin & Jenrette […]

  • Wilson Cruz Trace Lysette

    Watch Variety's Facebook Live Stream of GLAAD Media Awards Nominations

    As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares. In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments. Morgan Stanley & Co., Donaldson, Lufkin & Jenrette […]

  • PyeongChang Winter Olympics

    To Win Olympics, NBCU Must Lure Big Crowds -- and Small Streamers

    As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares. In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments. Morgan Stanley & Co., Donaldson, Lufkin & Jenrette […]

  • Korean Giant to Emerge from CJ

    Korea's CJ Orders Up Merger of Media and Shopping Units

    As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares. In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments. Morgan Stanley & Co., Donaldson, Lufkin & Jenrette […]

  • Nicolas Winding Refn, Times Bridge Invest

    Nicolas Winding Refn, India’s Times Bridge Invest in MUBI Streaming Service

    As expected, New Line Cinema has filed paperwork with the Securities & Exchange Commission for a proposed public offering of 2 million common shares. In addition, the company has granted to the underwriters an option to purchase up to an additional 300,000 shares to cover any over-allotments. Morgan Stanley & Co., Donaldson, Lufkin & Jenrette […]

More From Our Brands

Access exclusive content