STARZ ENTERTAINMENT CORP /CN/ (STRZ): debt financing — Starz corrects credit facility maturity to five years (was four) in 8-K/A

STARZ ENTERTAINMENT CORP /CN/

Credit agreement dated May 6, 2025 provides $300M term loan and $150M revolving facility.
Maturity corrected to five years after closing; original 8-K erroneously stated four years.
Borrowings bear interest at Term SOFR plus 3.00% or base rate plus 2.00%, subject to leverage-based grid.
Covenants include Net Total Leverage Ratio stepping down from 4.50x to 3.50x over four years.
Facilities used for working capital, general corporate purposes, and permitted acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

STARZ ENTERTAINMENT CORP /CN/ incurred credit facility of $300.0 million senior secured term loan credit facility and $150.0 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR (subject to a 0.00% floor) or a base rate, in each case plus an applic maturing five years after the closing date of the facility.

Instrument: credit facility
Principal: $300.0 million senior secured term loan credit facility and $150.0 million senior secured revolving credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: Term SOFR (subject to a 0.00% floor) or a base rate, in each case plus an applic
Maturity: five years after the closing date of the facility
Event: incurrence

Exact text from the filing

“Borrower”), the guarantors referred to therein, the lenders referred to therein and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement provides for (i) a $300.0 million senior secured term loan credit facility and (ii) a $150.0 million senior secured revolving credit facility. The Credit Agreement and commitments thereunder will mature on the

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Source: SEC EDGAR

accession 0001193125-25-116017

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