Cinemark Holdings, Inc. (NYSE:CNK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On March29, 2018, Cinemark Holdings, Inc. (“we”, “our”, “us”) and Cinemark USA, Inc. (“Cinemark USA”), our wholly-owned subsidiary, entered into a Seventh Amendment (the “Seventh 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, the Fifth Amendment thereto dated as of June16, 2017 and the Sixth Amendment thereto dated as of November28, 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 Seventh Amendment to, among other things, (i)extend the maturity date of the term loans from May8, 2022 to March29, 2025, (ii) reduce the rate at which the term loans bear interest by 0.25% per annum, and (iii)reduce the amount of real property required to be mortgaged to secure the loans.
The foregoing summary of the Seventh Amendment is qualified in its entirety by reference to the complete copy of the Seventh 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.
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ExhibitNo. |
Exhibit Description |
| 10.1 | Seventh Amendment, dated as of March29, 2018, 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, the Fifth Amendment thereto dated as of June 16, 2017 and the Sixth Amendment thereto dated as of November 28, 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 d535151dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION SEVENTH AMENDMENT SEVENTH 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.
