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He took the helm three years ago at a low ebb in NCM fortunes: Operating income was a negative $1.
Net proceeds will be used to repay NCM LLC's USD175m of outstanding term loan borrowings under its senior secured credit facility, with any remaining proceeds used to repay part of the outstanding borrowings under its revolving credit facility and for general corporate purposes, including working capital.
The NCM expects continuity of rain in the next few hours and until tomorrow morning.
Other two NCM members are Sulekha Kambre and Manjeet Singh Rai.
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