AMC Global Media Inc. (AMCX): debt financing — AMC Networks extends $111.8M revolver to 2030, repurchases $165.7M term loans, eases covenant

AMC Global Media Inc.

Extended $111.8M of revolver commitments to Oct 2030; $63.2M retains April 2028 maturity.
Repurchased and retired $165.7M in term loans at par plus interest; remaining term loans ~$85.6M.
Minimum interest coverage ratio cut from 2.00x to 1.50x, stepping to 1.75x for quarters after Dec 2028.
Other covenant modifications and amendments made to the credit agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMC Global Media Inc. amended credit facility of $111.8 million of commitments with Bank of America, N.A., JPMorgan Chase Bank, N.A. maturing October 29, 2030.

Instrument: credit facility
Principal: $111.8 million of commitments
Counterparty: Bank of America, N.A., JPMorgan Chase Bank, N.A.
Maturity: October 29, 2030
Event: amendment

Exact text from the filing

Pursuant to Amendment No. 5, the maturity date of $111.8 million of commitments under the Revolving Credit Facility was extended to the earlier of (i) October 29, 2030 and (ii) the date that is 90 days prior to the maturity date of any capital markets indebtedness of AMC Networks with an aggregate outstanding principal amount exceeding $50.0 million.

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AMC Global Media Inc. filing history →

Source: SEC EDGAR

accession 0001514991-25-000048

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