secwatch.observer — SEC 8-K summary
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Issuer:     Cinemark Holdings, Inc. (CNK)
CIK:        0001385280
Form:       8-K
Filed at:   2024-11-29T23:59:59+00:00
Accession:  0001193125-24-267895
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cinemark amends credit agreement, reduces term loan interest rate by 0.50% and extends soft-call
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385280/000119312524267895/0001193125-24-267895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885975/000119312524267895/d846750d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-267895

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