debt
confidence high
sentiment neutral
materiality 0.55
Cinemark amends credit agreement, reduces term loan interest rate by 0.50% and extends soft-call
Cinemark Holdings, Inc.
- Aggregate Replacement Term Commitment of $640,282,500 refinances all existing term loans on Nov 29, 2024.
- Term Benchmark rate reduced by 0.50% to SOFR + 2.75%; Alternate Base Rate loans at 1.75%.
- Quarterly amortization of $1,600,706.25 begins Dec 31, 2024; soft-call protection extended six months.
- Existing 101% soft-call reset for six months from Nov 29, 2024, restricting repricing transactions.
- All representations and warranties reaffirmed; no novation of existing obligations.