{"schema_version":"secwatch.filing_event.v1","accession":"0001377630-23-000050","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.685280+00:00","generated_at":"2026-06-17T07:41:21.162549+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NCM extends debt grace periods, issues 21.4M units to AMC and Cinemark, ownership drops to 89%","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001377630-23-000050","json":"https://secwatch.observer/filing/0001377630-23-000050.json","markdown":"https://secwatch.observer/filing/0001377630-23-000050.md","text":"https://secwatch.observer/filing/0001377630-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000050/0001377630-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000050/ncmllc-20230329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:41:21.162549+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":"cbaf34be75af212c6e1371e510b96b93a5ad9419","claim":"National CineMedia, Inc. amended Second Supplemental Indenture with Computershare Trust Company, N.A., as Trustee (effective 2023-03-31).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000050/0001377630-23-000050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A., as Trustee"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"},{"claim_id":"cf65eea87235ccbf446dcb411b9ca02488356770","claim":"National CineMedia, Inc. amended Credit Agreement Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-03-31).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000137763023000050/0001377630-23-000050-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., as administrative agent"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}