secwatch.observer — SEC 8-K summary
======================================

Issuer:     OUTFRONT Media Inc. (OUT)
CIK:        0001579877
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001579877-24-000080
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OUTFRONT Media extends AR Facility to June 2027; fees tied to leverage ratio
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579877/000157987724000080/0001579877-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579877/000157987724000080/out-20240614.htm
  HTML page:      https://secwatch.observer/filing/0001579877-24-000080

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