{"schema_version":"secwatch.filing_event.v1","accession":"0001579877-25-000113","form_type":"8-K","ticker":"OUT","cik":"0001579877","company_name":"OUTFRONT Media Inc.","filed_at":"2025-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.409853+00:00","generated_at":"2026-05-17T05:39:59.053611+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"OUTFRONT Media closes $1.0B refinancing; new revolver and term loan at improved pricing","bullets":["New $500M revolving credit facility matures Sept 2030; $500M term loan matures Sept 2032.","SOFR-based pricing: revolver margin 1.25%-1.75%, term loan margin 1.75%-2.00%.","Proceeds used to repay existing secured facilities, AR facility, fees, and general corporate purposes.","CFO Matthew Siegel granted $400K one-time performance-based RSU award with three-year cliff vest.","Covenant requires Consolidated Net Secured Leverage Ratio ≤ 4.5x; standard events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001579877-25-000113","json":"https://secwatch.observer/filing/0001579877-25-000113.json","markdown":"https://secwatch.observer/filing/0001579877-25-000113.md","text":"https://secwatch.observer/filing/0001579877-25-000113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1579877/000157987725000113/0001579877-25-000113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1579877/000157987725000113/out-20250924.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:39:59.053611+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"281e9be3f424ec9bf39e399728ebbcc9eff9b20c","claim":"OUTFRONT Media Inc. incurred credit facility of $1.0 billion, consisting of a $500.0 million revolving credit facility and a $500.0 million term loan with Wells Fargo Bank, National Association at SOFR plus an applicable margin ranging from 1.25% to 1.75% for the Revolving Cre maturing the Revolving Credit Facility will mature on September 24, 2030, and the Term Loan will mature on September 24, 2032.","evidence_excerpt":"The Credit Agreement provides for an aggregate borrowing amount of $1.0 billion, consisting of a $500.0 million revolving credit facility (the “Revolving Credit Facility”) and a $500.0 million term loan (the “Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1579877/000157987725000113/0001579877-25-000113-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.0 billion, consisting of a $500.0 million revolving credit facility and a $500.0 million term loan"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"SOFR plus an applicable margin ranging from 1.25% to 1.75% for the Revolving Cre"},{"label":"Maturity","value":"the Revolving Credit Facility will mature on September 24, 2030, and the Term Loan will mature on September 24, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}