NCM extends debt grace periods, issues 21.4M units to AMC and Cinemark, ownership drops to 89%

National CineMedia, Inc.

Supplemental Indenture extends interest grace period on 5.75% Senior Notes due 2026 from 47 to 57 days.
Credit Agreement Amendment extends grace period for certain payments by nine business days; no agreement reached on overall debt restructuring.
Cinemark redeemed 1,720,935 common membership units for equal shares of NCM common stock.
2022 unit adjustment: 16.6M units to AMC and 4.8M to Cinemark; Regal's negative 12.7M units via bankruptcy claims.
NCM Inc. ownership in NCM LLC drops from 100% to 89%; AMC gets 8.5%, Cinemark 2.5%.

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 Second Supplemental Indenture with Computershare Trust Company, N.A., as Trustee (effective 2023-03-31).

Action: amendment
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A., as Trustee
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, National CineMedia, LLC (“NCM LLC”) entered into a Second 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.

View on SEC.gov

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

National CineMedia, Inc. amended Credit Agreement Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-03-31).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, NCM LLC as the Borrower, entered into Amendment No. 5 (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”).

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 0001377630-23-000050

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.