debt
confidence high
sentiment neutral
materiality 0.50
OUTFRONT Media extends AR Facility to June 2027; fees tied to leverage ratio
OUTFRONT Media Inc.
- AR Facility termination date extended from May 2025 to June 14, 2027.
- Program fee now variable based on Consolidated Net Secured Leverage Ratio; upfront fee also amended.
- Sellers (SPVs) remain jointly and severally liable; parent guarantee unchanged.
- Amendment No. 8 with MUFG Bank executed June 14, 2024.