Cinemark Holdings, Inc. (NYSE:CNK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On November28, 2017, Cinemark Holdings, Inc. (“we”, “our”, “us”) and Cinemark USA, Inc. (“Cinemark USA”), our wholly-owned subsidiary, entered into a Sixth Amendment (the “Sixth 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, the Fourth Amendment thereto dated as of December15, 2016 and the Fifth Amendment thereto dated as of June16, 2017, 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 Sixth Amendment to, among other things, (i)change the applicable margin with respect to the interest rate applicable to the revolving credit loans from the range of 1.00% to 1.75% per annum for base rate loans and 2.00% to 2.75% per annum for eurodollar loans to the range of 0.50% to 1.25% per annum for base rate loans and 1.50% to 2.25% per annum for eurodollar loans and (ii)extend the revolving credit termination date to the date which is the earlier of (x)November28, 2022 and (y)to the extent any term loans having a term loan maturity date that is on or prior to November28, 2022 are then outstanding, the date that is 90 days prior to such term loan maturity date.
The foregoing summary of the Sixth Amendment is qualified in its entirety by reference to the complete copy of the Sixth Amendment, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 1.01 Financial Statements and Exhibits.
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ExhibitNo. |
Exhibit Description |
| 10.1 | Sixth Amendment, dated as of November28, 2017, to the Amended and Restated Credit Agreement, dated as of December18, 2012 (as amended by the First Amendment thereto dated as of December 18, 2012, the Second Amendment thereto dated as of May8, 2015, the Third Amendment thereto dated as of June13, 2016, the Fourth Amendment thereto dated as of December15, 2016 and the Fifth Amendment thereto dated as of June 16, 2017) 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 d505548dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION SIXTH AMENDMENT SIXTH 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.