secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001193125-24-279034
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lions Gate expands IP-backed credit facility to $850M via two amendments
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- Facility started at $455M on Sept 30, 2024, increased to $720M on Nov 5, then to $850M on Dec 9.
- Secured by intellectual property rights in library titles; matures Sept 30, 2029.
- Quarterly principal payments of 2.5% begin Feb 14, 2025; interest at Term SOFR + 2.25%.
- Proceeds used to repay existing debt and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000119312524279034/0001193125-24-279034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000119312524279034/d914471d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-279034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer