secwatch.observer — SEC 8-K summary
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Issuer:     Cinemark Holdings, Inc. (CNK)
CIK:        0001385280
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000950170-24-066721
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinemark amends credit facility, cuts term loan interest rate by 0.50% and refinances $643.5M
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- First Amendment to Second Amended Credit Agreement reduces term loan interest rate by 0.50%.
- Aggregate replacement term loan commitment of $643,500,000 to refinance existing term loans.
- 101% soft call reset for six months from the First Amendment effective date.
- Amendment effective May 28, 2024; quarterly amortization payments set at $1,608,750.
- No change to term loan maturity date; all covenants and collateral remain in place.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385280/000095017024066721/0000950170-24-066721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885975/000095017024066721/cnk-20240528.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-066721

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