secwatch.observer — SEC 8-K summary
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Issuer:     Lionsgate Studios Corp. (LION)
CIK:        0002052959
Form:       8-K12B
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001193125-25-114482
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 2.01, 3.01, 5.01, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Studios completes separation from Starz; begins trading as LION on NYSE
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- New Lionsgate (LION) now holds motion picture and TV studio operations; Starz (STRZ) holds premium networks.
- Entered $800M senior secured revolving credit facility, with ability to increase to $1.2B.
- Assumed $500M+ 6% notes due 2030; LGTV becomes obligor.
- New board of 10 directors appointed, including Jon Feltheimer as CEO.
- Old Lionsgate and Legacy LG Studios shares delisted; New Lionsgate becomes successor issuer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2052959/000119312525114482/0001193125-25-114482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2052959/000119312525114482/d927789d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-114482

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