COLUMBUS, Ga.-- Carmike Cinemas, Inc. (NASDAQ: CKEC), today announced that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Under the shelf registration, upon being declared effective by the SEC, the Company may sell, from time to time, up to $175 million of its common stock, debt securities, depositary shares, preferred stock and/or warrants, either individually or in units, in one or more offerings.
The shelf registration statement is intended to provide Carmike Cinemas with flexibility to access additional capital when market conditions are appropriate. However, the Company does not currently have any commitments to sell securities. The terms of any offering under the registration statement will be established at the time of the offering. Unless otherwise described in a prospectus supplement filed at the time of an offering, the net proceeds from the sale of any securities will be used for general corporate purposes, which may include the repayment of debt, acquisitions, capital expenditures and additions to working capital.
The registration statement relating to these securities was filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy the securities be accepted prior to the time the registration statement becomes effective. This news announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of the securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the registration statement may be obtained on the SEC's website.