secwatch.observer — SEC 8-K summary
======================================

Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001377630-23-000124
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.03, 1.01, 3.02, 2.01, 2.03, 3.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National CineMedia emerges from Chapter 11; eliminates ~$1.2B debt, obtains $55M exit financing
--------------------------------------------------------------------------------

- NCM LLC emerged from Ch.11 on 8/7/23; NCMI retains 13.8% stake in reorganized company.
- Issued 83,420,199 common shares to secured lenders; 50 Series B Preferred shares to CEO Tom Lesinski.
- New Board of 9 includes Lauren Zalaznick (Chair), Bernadette Aulestia, Nick Bell, David Glazek, etc.
- Exit facility of $55M (drew $10M immediately) matures 2026; interest SOFR+3.75%-4.50%.
- Regal surrendered 4,068,380 NCMI shares for cancellation; Series A Preferred cancelled.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000124/0001377630-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000137763023000124/ncmllc-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001377630-23-000124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer