secwatch.observer — SEC 8-K summary
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Issuer:     AMC Global Media Inc. (AMCX)
CIK:        0001514991
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001514991-23-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMC Networks reduces revolver to $400M, switches to SOFR, boosts incremental debt basket to $1.2B
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- Revolving credit commitments cut from $500M to $400M, a 20% reduction.
- Interest rate benchmark changed from LIBOR to SOFR for all borrowings.
- Incremental debt basket increased to greater of $1.2B or amount keeping senior secured leverage ratio ≤3.00x.
- All existing collateral and guarantees reaffirmed; no default occurred before or after amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514991/000151499123000017/0001514991-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514991/000151499123000017/amcx-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001514991-23-000017

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