Simpson Thacher represented the initial purchasers, led by Wells Fargo Securities LLC, in connection with a Rule 144A/Regulation S offering by Cinemark USA, Inc. (“Cinemark USA”), a wholly-owned subsidiary of Cinemark Holdings, Inc. (“Cinemark”) of its $500 million aggregate principal amount of 7.0% Senior Notes due 2032.~~Simpson Thacher also represented Wells Fargo Securities LLC as dealer manager for Cinemark USA’s concurrent cash tender offer to purchase any and all of its outstanding $405 million aggregate principal amount of 5.875% Senior Notes due 2026.~~Cinemark USA used a portion of the net proceeds from the offering to fund the settlement of the tender offer and intends to use the remaining net proceeds to pay related fees and expenses and any remainder for general corporate purposes.~~Cinemark operated a total of 502 theaters and 5,708 screens in 42 states in the United States and in 13 countries throughout South and Central America as of March 31, 2024.~~The Simpson Thacher team for the transaction included Ken Wallach, David Azarkh, Tony Rim, Erin Camia and Sally Jo (Capital Markets); Michael Mann (Tax); Jennie Getsin (Blue Sky); Jeanne Annarumma and J. Pasco Struhs (Executive Compensation and Employee Benefits); Paige Brinton (IP); and Timothy Mulvihill (Environmental). Summer Associate Grace Lim provided invaluable assistance.