NCM closes $275M acquisition of Captivate, creating 48,000-screen ad platform

National CineMedia, Inc.

Acquired 100% of Captivate for $275M cash, funded via new $275M term loan and $25M revolver ($10M drawn).
New credit facilities: 7.00% SOFR margin, 6.00% base rate, maturity Sept 18 2031, max 5.00:1.0 leverage.
Repaid and terminated existing U.S. Bank facility; liens and guarantees released.
Combined platform: 48,000 digital screens across 185 DMAs, including all top 100.
Captivate financials and pro forma data to be filed by amendment within 71 days.

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