---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-129871"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:40:04.486287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LionsGate exchanges ~$383M of 5.5% notes due 2029; new notes to support Studio Business separation

## Summary
- Exchange agreement for $383M aggregate principal of existing 5.500% Senior Notes due 2029 into new notes.
- Pre-separation: New Notes bear 5.500% interest, mature 2029. Post-separation: 6.000% rate, maturity extended to 2030.
- Exchange enhances balance sheets of both Studio and STARZ businesses in anticipation of full separation.
- Completion subject to customary closing conditions; Wachtell Lipton advised Lionsgate.

## SEC filing metadata
- accession: 0001193125-24-129871
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000119312524129871/0001193125-24-129871-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000119312524129871/d779843d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-129871
- JSON: https://secwatch.observer/filing/0001193125-24-129871.json
- Plain text: https://secwatch.observer/filing/0001193125-24-129871.txt

## Key facts
- Material Agreements
  STARZ ENTERTAINMENT CORP /CN/ entered into Exchange Agreement with certain holders of 5.500% Senior Notes due 2029 valued at approximately $383 million (effective 2024-05-02).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain holders of 5.500% Senior Notes due 2029
  - Value: approximately $383 million
  - Effective: 2024-05-02
  source text: On May 2, 2024, Lions Gate Entertainment Corp. (the “ Company ”) entered into an Exchange Agreement (together with all annexes and schedules thereto, the “ Exchange Agreement ”) with Lions Gate Capital Holdings 1, Inc. (“ LGCH1 ”), Lions Gate Capital Holdings LLC (“ LGCH ”, and together with the Company and LGCH1, the “ Company Parties ”) and certain holders of 5.500% Senior Notes due 2029 (the “ Existing Notes ”) previously issued by LGCH (such holders, the “ Noteholder Parties ”, and together with the Company Parties, the “ Parties ”) pursuant to which the Parties agreed to enter into a private exchange of the Noteholder Parties’ Existing Notes for new 5.500% Exchange Notes due 2029 (the “ New Notes ”) to be issued by LGCH1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/929351/000119312524129871/0001193125-24-129871-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.