secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K/A
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001193125-25-116017
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starz corrects credit facility maturity to five years (was four) in 8-K/A
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000119312525116017/0001193125-25-116017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000119312525116017/d867517d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-116017

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