AMC Networks Inc. said on Wednesday it’s proposing a public offering of $500 million of senior notes. The cable network, home to “The Walking Dead,” plans to use a portion of the debt to repay about $450 million in loans, as well as pay fees and expenses related to the debt offering. AMC plans to use the remaining debt for general corporate purposes. AMC shares were up more than 5% intraday on Wednesday and have gained more than 14% in the year to date, while the S&P 500 index is up more than 10% on the year.
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