{"schema_version":"secwatch.filing_event.v1","accession":"0001377630-23-000004","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2023-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.683860+00:00","generated_at":"2026-06-20T13:02:16.453974+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NCMI amends credit agreements to add back professional fees in liquidity calculation","bullets":["Minimum Liquidity Requirement remains $55M; professional fees paid after Jan 6, 2023, can be added to unrestricted cash.","Addback caps: $200K for local restructuring counsel and $250K for financial advisor retainer.","Breach of liquidity covenant has 5-business-day cure period, limited to 2 cures from Amendment No. 2 effective date.","Bi-weekly reporting of professional fees and addback amounts must be furnished to lenders and their advisors."],"urls":{"canonical":"https://secwatch.observer/filing/0001377630-23-000004","json":"https://secwatch.observer/filing/0001377630-23-000004.json","markdown":"https://secwatch.observer/filing/0001377630-23-000004.md","text":"https://secwatch.observer/filing/0001377630-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000004/0001377630-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000004/ncmllc-20230117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T13:02:16.453974+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":[{"claim_id":"acd25d8021887e0b3f7329fcbf0b62af27c38373","claim":"National CineMedia, Inc. amended Amendment No. 4 to Credit Agreement with JPMorgan Chase Bank, N.A. valued at Addback of specified professional fees paid by the Borrower during the period of January 6, 2023 thr (effective 2023-01-17).","evidence_excerpt":"On January 17, 2023, National CineMedia, LLC (the “Borrower”) entered into (i) Amendment No. 4 (the “Credit Agreement Amendment”) to its Credit Agreement, dated as of June 20, 2018, among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, as previously amended (the “Credit Agreement”) and (ii) Amendment No. 1 to its Revolving Credit Agreement dated as of January 5, 2022, among the Borrower, lender parties thereto and Wilmington Savings Fund Society, FSB, as administrative agent (the “Revolving Credit Agreement Amendment”). The Credit Agreement Amendment and Revolving Credit Agreement Amendment provide for the addback of specified professional fees paid by the Borrower during the period of January 6, 2023 through the date the Borrower delivers a compliance certificate for the quarter ending on or about December 28, 2023, when calculating the sum of unrestricted cash on ha","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000004/0001377630-23-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"Addback of specified professional fees paid by the Borrower during the period of January 6, 2023 thr"},{"label":"Effective","value":"2023-01-17"}],"fact_type":"material_agreement"},{"claim_id":"b6fd612528911c93ad1e24474cb63f2094911d6e","claim":"National CineMedia, Inc. amended Amendment No. 1 to Revolving Credit Agreement with Wilmington Savings Fund Society, FSB valued at Addback of specified professional fees paid by the Borrower during the period of January 6, 2023 thr (effective 2023-01-17).","evidence_excerpt":"On January 17, 2023, National CineMedia, LLC (the “Borrower”) entered into (i) Amendment No. 4 (the “Credit Agreement Amendment”) to its Credit Agreement, dated as of June 20, 2018, among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, as previously amended (the “Credit Agreement”) and (ii) Amendment No. 1 to its Revolving Credit Agreement dated as of January 5, 2022, among the Borrower, lender parties thereto and Wilmington Savings Fund Society, FSB, as administrative agent (the “Revolving Credit Agreement Amendment”). The Credit Agreement Amendment and Revolving Credit Agreement Amendment provide for the addback of specified professional fees paid by the Borrower during the period of January 6, 2023 through the date the Borrower delivers a compliance certificate for the quarter ending on or about December 28, 2023, when calculating the sum of unrestricted cash on ha","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000004/0001377630-23-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Value","value":"Addback of specified professional fees paid by the Borrower during the period of January 6, 2023 thr"},{"label":"Effective","value":"2023-01-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}