{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-396098","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2026-09-21T12:03:44+00:00","discovered_at":"2026-09-21T12:05:32.789935+00:00","generated_at":"2026-09-21T12:05:40.541099+00:00","sec_items":["1.01","1.02","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NCM closes $275M acquisition of Captivate, creating 48,000-screen ad platform","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-396098","json":"https://secwatch.observer/filing/0001193125-26-396098.json","markdown":"https://secwatch.observer/filing/0001193125-26-396098.md","text":"https://secwatch.observer/filing/0001193125-26-396098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526396098/0001193125-26-396098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526396098/ncmi-20260918.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-21T12:05:40.541099+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}