Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OUTFRONT Media Inc. amended revolving credit with Morgan Stanley Senior Funding, Inc. at a range of 1.75% to 2.25% maturing June 15, 2028.
- Instrument
- revolving credit
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Rate
- a range of 1.75% to 2.25%
- Maturity
- June 15, 2028
- Event
- amendment
Exact text from the filing
The Amendment provides for (i) the extension of the maturity date of the Borrowers’ existing revolving credit facility (the “Revolving Credit Facility”) from November 18, 2024 to June 15, 2028, and (ii) an increase in the interest rate margins applicable to the Borrowers under the Revolving Credit Facility from a range of 1.25% to 1.75% to a range of 1.75% to 2.25%, in the case of Secured Overnight Financing Rate borrowings, based on the Borrowers’ leverage ratio
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OUTFRONT Media Inc. amended Amendment with Morgan Stanley Senior Funding, Inc. and the other lenders party thereto from time to time (effective 2023-06-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc. and the other lenders party thereto from time to time
- Effective
- 2023-06-15
Exact text from the filing
On June 15, 2023, OUTFRONT Media Inc. (the “Company”), along with its wholly-owned subsidiaries, Outfront Media Capital LLC (“Finance LLC”) and Outfront Media Capital Corporation (together with Finance LLC, the “Borrowers”), and the other guarantors party thereto, entered into an amendment (the “Amendment”) to its credit agreement, dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), with Morgan Stanley Senior Funding, Inc. and the other lenders party thereto from time to time.
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