Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Cinemark Holdings, Inc. amended credit facility of $775 million aggregate principal amount; $650 million term loans and $125 million revolving credit facility with Barclays Bank PLC, as administrative agent; lenders from time to time at Term Facility: Alternate Base Rate + 2.75% or Term SOFR + 3.75%; Revolving Facil maturing Term Facility: seven-year; Revolving Facility: five-year.
- Instrument
- credit facility
- Principal
- $775 million aggregate principal amount; $650 million term loans and $125 million revolving credit facility
- Counterparty
- Barclays Bank PLC, as administrative agent; lenders from time to time
- Rate
- Term Facility: Alternate Base Rate + 2.75% or Term SOFR + 3.75%; Revolving Facil
- Maturity
- Term Facility: seven-year; Revolving Facility: five-year
- Event
- amendment
Exact text from the filing
On May 26, 2023, Cinemark USA, Inc. (“Cinemark USA”), a wholly-owned subsidiary of Cinemark Holdings, Inc. (“Cinemark Holdings”), entered into that certain Second Amended and Restated Credit Agreement (the “Credit Agreement”), with Cinemark Holdings, the lenders from time to time parties thereto (the “Lenders”), the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent (the “Agent”), which amends and restates Cinemark USA’s existing senior secured credit facility and provides for senior secured credit facilities in an aggregate principal amount of $775 million, consisting of $650 million of term loans and a $125 million revolving credit facility.
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