debt
confidence high
sentiment neutral
materiality 0.65
Lionsgate Studios Corp.: Nasdaq/NYSE listing notice — Lionsgate upsizes IP credit facility to $1B; receives Nasdaq notice for missing annual meeting
Lionsgate Studios Corp.
- Amendment 2 dated March 31, 2025 increases max principal to $1B, from $850M.
- Facility matures Sept 30, 2029; interest at Term SOFR + 2.25%; quarterly 2.5% principal payments.
- Nasdaq notified on Apr 1, 2025 of non-compliance for missing annual meeting; compliance plan due May 16, 2025.
- If proposed separation of Studios and Starz is approved, shares will be delisted; otherwise company will hold annual meeting.