secwatch / observer
8-K filed November 20, 2023, 6:59 PM ET ticker OUT CIK 0001579877
debt confidence high sentiment neutral materiality 0.55

OUTFRONT Media Inc. (OUT): debt financing — OUTFRONT Media issues $450M of 7.375% Senior Secured Notes due 2031

OUTFRONT Media Inc.

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

OUTFRONT Media Inc. incurred senior notes of $450.0 million with Deutsche Bank Trust Company Americas at 7.375% per annum maturing February 15, 2031.

Instrument
senior notes
Principal
$450.0 million
Counterparty
Deutsche Bank Trust Company Americas
Rate
7.375% per annum
Maturity
February 15, 2031
Event
incurrence
Exact text from the filing
On November 20, 2023, OUTFRONT Media Inc. (the "Company"), along with its wholly-owned subsidiaries, Outfront Media Capital LLC, a Delaware limited liability company ("Finance LLC"), and Outfront Media Capital Corporation, a Delaware corporation (together with Finance LLC, the "Issuers"), and the other guarantors party thereto (the "Guarantors"), entered into an indenture (the "Indenture") with Deutsche Bank Trust Company Americas, as trustee (the "Trustee") and collateral agent, relating to the issuance by the Issuers of $450.0 million aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the "Notes").
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OUTFRONT Media Inc. entered into Indenture with Deutsche Bank Trust Company Americas valued at $450.0 million aggregate principal amount of 7.375% Senior Secured Notes due 2031 (effective 2023-11-20).

Action
entry
Agreement
notes offering
Counterparty
Deutsche Bank Trust Company Americas
Value
$450.0 million aggregate principal amount of 7.375% Senior Secured Notes due 2031
Effective
2023-11-20
Exact text from the filing
On November 20, 2023, OUTFRONT Media Inc. (the “Company”), along with its wholly-owned subsidiaries, Outfront Media Capital LLC, a Delaware limited liability company (“Finance LLC”), and Outfront Media Capital Corporation, a Delaware corporation (together with Finance LLC, the “Issuers”), and the other guarantors party thereto (the “Guarantors”), entered into an indenture (the “Indenture”) with Deutsche Bank Trust Company Americas, as trustee (the “Trustee”) and collateral agent, relating to the issuance by the Issuers of $450.0 million aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the “Notes”).
View on SEC.gov

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OUTFRONT Media Inc. filing history →

Source: SEC EDGAR
accession 0001579877-23-000100
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