Cinemark Holdings, Inc. (NYSE:CNK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On June16, 2017, Cinemark Holdings, Inc. (we, our, us) and
Cinemark USA, Inc. (Cinemark USA), our wholly-owned subsidiary,
entered into a Fifth Amendment (the Fifth Amendment) to the
Amended and Restated Credit Agreement, dated as of December18,
2012 (as amended by the First Amendment thereto dated as of
December18, 2012, the Second Amendment thereto dated as of May8,
2015, the Third Amendment thereto dated as of June13, 2016 and
the Fourth Amendment thereto dated as of December15, 2016, the
Credit Agreement) among us, Cinemark USA, the several banks and
other financial institutions party thereto, Barclays Bank PLC, as
administrative agent, and the other agents party thereto. The
Credit Agreement was amended to the Fifth Amendment to, among
other things, reduce the rate at which the term loans bear
interest by 0.25% per annum, permit the incurrence of certain
future incremental term loans up to an amount based on compliance
with a consolidated net senior secured leverage ratio, and permit
certain extensions of the maturity date applicable to the loans
from time to time.
The foregoing summary of the Fifth Amendment is qualified in its
entirety by reference to the complete copy of the Fifth
Amendment, filed as Exhibit 10.1 to this Current Report on Form
8-K and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) |
Exhibits. |
|
|
|
|
| 10.1 |
Fifth Amendment, dated as of June16, 2017, to the Amended and Restated Credit Agreement, dated as of December18, 2012 (as amended by the First Amendment thereto dated as of December18, 2012, the Second Amendment thereto dated as of May8, 2015, the Third Amendment thereto dated as of June13, 2016 and the Fourth Amendment thereto dated as of December15, 2016) among Cinemark Holdings, Inc., Cinemark USA, Inc., the several banks and other financial institutions party thereto, Barclays Bank PLC, as administrative agent, and the other agents party thereto. |
Cinemark Holdings, Inc. ExhibitEX-10.1 2 d389159dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION FIFTH AMENDMENT FIFTH AMENDMENT,…To view the full exhibit click here About Cinemark Holdings, Inc. (NYSE:CNK)
Cinemark Holdings, Inc. (Cinemark) is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Curacao and Bolivia. The Company manages its business in two segments: United States markets and international markets. The international segment consists of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. It operates approximately 500 theatres and over 5,800 screens in the United States and Latin America. Its United States circuit has approximately 340 theatres and over 4,510 screens in over 40 states and its international circuit has over 180 theatres and approximately 1,280 screens. It develops platforms for its theatre circuit, such as XD, Movie Bistro, Cinemark Reserve, Luxury Lounger reclining seats, D-BOX seating and CineArts.