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 December15, 2016, Cinemark Holdings, Inc. (we, our, us) and
Cinemark USA, Inc. (Cinemark USA), our wholly-owned subsidiary,
entered into a Fourth Amendment (the Fourth 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 and the Third Amendment thereto dated as of June13, 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 Fourth Amendment to
reduce the rate at which the term loans bear interest by 0.5%.
The foregoing summary of the Fourth Amendment is qualified in its
entirety by reference to the complete copy of the Fourth
Amendment, filed as Exhibit 10.1 to this Current Report on Form
8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
|
ExhibitNo. |
Exhibit Description |
|
| 10.1 |
Fourth Amendment, dated as of December15, 2016, 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 and the Third Amendment thereto dated as of June13, 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. |
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. Cinemark Holdings, Inc. (NYSE:CNK) Recent Trading Information
Cinemark Holdings, Inc. (NYSE:CNK) closed its last trading session up +0.40 at 39.40 with 563,692 shares trading hands.