secwatch.observer — SEC 8-K summary
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Issuer:     OUTFRONT Media Inc. (OUT)
CIK:        0001579877
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001579877-23-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OUTFRONT Media amends credit agreement to replace LIBOR with Term SOFR
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- Amendment No. 7 replaces LIBOR with Term SOFR as interest rate benchmark in credit agreement dated Jan 31, 2014.
- Existing LIBOR loans continue through their current interest period, then convert to 1-month Term SOFR loans.
- Amendment effective May 24, 2023; no lender objection within five business days of May 17 posting.
- All other material terms of the credit agreement remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579877/000157987723000053/0001579877-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579877/000157987723000053/out-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001579877-23-000053

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