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Lease impacts on mortgages to vary

8/11/2015

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FRUITLAND --�As residents outside Fruitland face a potential gas well integration order by the state, some are wondering how mineral rights leases could affect their home mortgages.

At least one mortgage lender is not accepting oil or gas leases for homes with existing mortgages.



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http://www.argusobserver.com/news/lease-impacts-on-mortgages-to-vary/article_da1f9668-3e46-11e5-9524-2fb9423242d4.html
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Carmike Cinemas Announces Proposed Refinancing of Senior Secured Notes

8/5/2015

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COLUMBUS, Ga.--(BUSINESS WIRE)--Carmike Cinemas, Inc. (NASDAQ:CKEC), today announced its plans to offer,

subject to market and other conditions, $230 million in aggregate

principal amount of Senior Secured Notes due 2023 to "qualified

institutional buyers," as defined in Rule 144A under the Securities Act

of 1933, as amended, and non-U.S. persons outside�the United

States�under Regulation S under the Securities Act of 1933, as amended.

Carmike also expects to refinance its existing credit facility with a

new $50 million senior secured credit facility. Carmike expects the new

credit facility to remain undrawn at closing.

Carmike intends to use the proceeds of the offering and cash on hand to

redeem all�$210 million�in aggregate principal amount of its 7.375%

Senior Secured Notes due 2019, and to pay related fees and expenses.

The senior notes will not be registered under the Securities Act of 1933

or the securities laws of any state and may not be offered or sold in

the United States absent registration or an applicable exemption from

the registration requirements under the Securities Act of 1933 and any

applicable state securities laws.

This press release does not constitute an offer to sell or the

solicitation of an offer to buy the notes, nor shall it constitute an

offer, solicitation or sale in any jurisdiction in which such offer,

solicitation or sale is unlawful.

About Carmike Cinemas

Carmike Cinemas, Inc. is a U.S. leader in digital cinema, 3-D cinema

deployments and one of the nation's largest motion picture exhibitors.

Carmike has 272 theatres with 2,894 screens in 41 states. The circuit

includes 46 premium large format (PLF) auditoriums featuring

state-of-the-art technology and luxurious seating, including 28 "BigDs,"

16 IMAX auditoriums and two MuviXL screens. As "America's Hometown

Theatre Chain" Carmike's primary focus is mid-sized communities. Visit www.carmike.com

for exact show-times and to purchase tickets.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements within the

meaning of the federal securities laws. Statements that are not

historical facts, including statements about our beliefs, expectations

and future performance, are forward-looking statements. Forward-looking

statements include statements preceded by, followed by or that include

the words, "believes," "expects," "anticipates," "plans," "estimates,"

"seeks" or similar expressions. Examples of forward-looking statements

in this press release include the Company's expectations regarding

results from our operating strategies, box office performance, food and

beverage strategies, circuit expansion and additional acquisition

opportunities. Forward-looking statements are only predictions and are

not guarantees of performance. These statements are based on beliefs and

assumptions of management, which in turn are based on currently

available information. The forward-looking statements also involve risks

and uncertainties, which could cause actual results to differ materially

from those contained in any forward-looking statement. Many of these

factors are beyond our ability to control or predict. Important factors

that could cause actual results to differ materially from those

contained in any forward-looking statement include, but are not limited

to: our ability to achieve expected results from our strategic

acquisitions, general economic conditions in our regional and national

markets; our ability to comply with covenants contained in our senior

secured credit agreement and the indenture governing our 7.375% Senior

Secured Notes due 2019; our ability to operate at expected levels of

cash flow; financial market conditions including, but not limited to,

changes in interest rates and the availability and cost of capital; our

ability to meet our contractual obligations, including all outstanding

financing commitments; the availability of suitable motion pictures for

exhibition in our markets; competition in our markets; competition with

other forms of entertainment; and other factors, including the risk

factors disclosed in our Annual Report on Form 10-K for the year ended

December 31, 2014, under the caption "Risk Factors." We believe these

forward-looking statements are reasonable; however, undue reliance

should not be placed on any forward-looking statements, which are based

on current expectations. Further, forward-looking statements speak only

as of the date they are made, and we undertake no obligation to update

publicly any of them in light of new information or future events.

http://www.businesswire.com/news/home/20150608005725/en/Carmike-Cinemas-Announces-Proposed-Refinancing-Senior-Secured
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