{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-008998","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2025-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.473666+00:00","generated_at":"2026-05-27T09:09:06.888409+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"National CineMedia enters $45M credit facility with U.S. Bank, replaces prior $55M facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-008998","json":"https://secwatch.observer/filing/0000950170-25-008998.json","markdown":"https://secwatch.observer/filing/0000950170-25-008998.md","text":"https://secwatch.observer/filing/0000950170-25-008998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000095017025008998/0000950170-25-008998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000095017025008998/ncmi-20250124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T09:09:06.888409+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}