Regal Cinemas redeems all 40.7M common membership units for NCM common stock

National CineMedia, Inc.

Regal Cinemas redeemed 40,683,797 common membership units of NCM LLC for shares of NCM Inc. common stock on a one-for-one basis.
Redemption represents all of Regal's units; shares issued under Section 4(a)(2) exemption from registration.
NCM Inc. also entered a receivables sales agreement with NCM LLC to acquire ~$4.9M of accounts receivable at book value.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

National CineMedia, Inc. entered into Receivables Sales Agreement with National CineMedia, LLC valued at approximately $4.9 million (effective 2022-12-28).

Action: entry
Agreement: asset purchase
Counterparty: National CineMedia, LLC
Value: approximately $4.9 million
Effective: 2022-12-28

Exact text from the filing

On December 28, 2022, National CineMedia, LLC ("NCM LLC") and National CineMedia, Inc. ("NCM, Inc." or "The Company") entered into a Receivables Sales Agreement pursuant to which, NCM, Inc. acquired the right to approximately $4.9 million of NCM LLC’s accounts receivable at a purchase price equal to the book value of the accounts receivable in exchange for a cash payment.

View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

National CineMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001377630-22-000169

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.