secwatch.observer — SEC 8-K summary
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Issuer:     OUTFRONT Media Inc. (OUT)
CIK:        0001579877
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001579877-23-000072
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OUTFRONT Media extends revolver maturity to 2028, increases interest rate spreads
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- Revolving credit facility maturity extended from November 18, 2024 to June 15, 2028.
- Interest rate margins on SOFR borrowings increased from 1.25%-1.75% to 1.75%-2.25% based on leverage.
- $500M aggregate revolving commitments unchanged; amendment includes springing maturity provisions for other debt.
- Amendment effective June 15, 2023; collateral and guarantees remain the same as prior credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579877/000157987723000072/0001579877-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579877/000157987723000072/out-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001579877-23-000072

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