debt
confidence high
sentiment neutral
materiality 0.50
OUTFRONT Media expands AR securitization facility to $150M, extends term to May 2025
OUTFRONT Media Inc.
- Borrowing capacity increased from $125M to $150M under amended AR facility.
- Term extended to May 30, 2025 unless further extended.
- Delinquency and termination ratios increased for additional flexibility.
- Remaining terms of agreements substantially unchanged from previous versions.
- Facility continues with MUFG Bank, Ltd. as administrative agent.