secwatch.observer — SEC 8-K summary
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Issuer:     Cinemark Holdings, Inc. (CNK)
CIK:        0001385280
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001193125-23-155466
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinemark enters $775M senior secured credit facility, refinances existing term loans
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- $650M term loan facility (7-year) and $125M revolving credit facility (5-year) on May 26, 2023.
- Term loans priced at Term SOFR + 3.75% or ABR + 2.75%; quarterly payments of $1.625M start June 30, 2023.
- Revolving loans priced at Term SOFR + 3.00%-3.50% or ABR + 2.00%-2.50%; commitment fee 0.20%-0.375%.
- Net proceeds used to repay existing term loans under prior credit facility and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385280/000119312523155466/0001193125-23-155466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885975/000119312523155466/d513141d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-155466

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