Tony Wible's questions to Regencell Bioscience Holdings (RGC) leadership • Q2 2016
Question
Tony Wible of Drexel Hamilton LLC questioned the economic structure of concession pre-sales through Atom Tickets and sought confirmation on whether film rent fluctuations were due to slate mix rather than changes in studio deals. He also asked for the maturity date and interest rate terms of the senior credit facility.
Answer
Chairman & CEO Amy E. Miles described the Atom Tickets deal as 'very favorable' but declined to disclose specifics for competitive reasons. Executive VP, CFO & Treasurer David H. Ownby confirmed that film rent changes were entirely due to the film slate mix and not new studio agreements. He also stated the senior credit facility expires in 2022 and carries a rate of LIBOR plus 2.75% after a recent 25 basis point reduction.