National CineMedia amends indenture to extend interest grace period; in talks with lenders

National CineMedia, Inc.

Supplemental Indenture extends interest payment grace period on 5.75% Senior Notes due 2026 from 30 to 47 days.
Amendment approved by holders of a majority of the Notes.
NCM LLC states sufficient liquidity to pay interest due Feb 15, 2023.
Company is in negotiations with lenders regarding its indebtedness; no agreement reached yet.
The amendment provides extra time for ongoing discussions with lenders.

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. amended First Supplemental Indenture with Computershare Trust Company, N.A. (effective 2023-03-15).

Action: amendment
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Effective: 2023-03-15

Exact text from the filing

On March 15, 2023, National CineMedia, LLC (“NCM LLC”) entered into a First Supplemental Indenture (the “Supplemental Indenture”) to the Indenture, dated as of August 19, 2016 (the “Indenture”) relating to NCM LLC’s 5.75% Senior Notes due 2026 (the “Notes”) with Computershare Trust Company, N.A., as Trustee.

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National CineMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001377630-23-000042

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