National CineMedia enters $45M credit facility with U.S. Bank, replaces prior $55M facility

National CineMedia, Inc.

New $45M senior secured revolving credit facility matures Jan 24, 2028; no borrowings drawn as of Jan 27.
Interest at term SOFR + 2.00% with 0.25% commitment fee on undrawn portion.
Covenants: max leverage ratio 2.25x, min fixed charge coverage 1.50x, measured quarterly.
Repaid and terminated prior $55M asset-based facility, reducing interest expense and extending maturity.
$5M sublimit for letters of credit; secured by substantially all assets.

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