Cinemark Holdings, Inc. Enters into Second Amendment of Credit Agreement

Cinemark Holdings, Inc. (NYSE: CNK) and its wholly-owned subsidiary, Cinemark USA, Inc., announced on November 29, 2024, that they have entered into a Second Amendment to the Second Amended and Restated Credit Agreement. This amendment follows the original agreement dated May 26, 2023, which was further amended by the First Amendment on May 28, 2024.

The Second Amendment aims to modify the terms of the Credit Agreement, including a reduction in the interest rate for the term loans by 0.50% and the reset of the 101% soft call for six months. This update aims to provide more favorable conditions for the borrowing parties involved.

As per the filing with the Securities and Exchange Commission, the full details of the Second Amendment can be found in Exhibit 10.1 attached to the Current Report on Form 8-K. Interested parties are encouraged to refer to the complete document for a comprehensive understanding of the changes made.

Additionally, there were no new financial statements submitted in connection with this agreement. The only exhibits accompanying this filing are the Second Amendment itself and the Cover Page Interactive Data File.

Michael D. Cavalier, the Executive Vice President – General Counsel and Business Affairs & Secretary of Cinemark Holdings, Inc. and Cinemark USA, Inc., signed the report on behalf of the companies.

Investors and stakeholders in Cinemark Holdings, Inc. will continue to monitor how this Second Amendment to the Credit Agreement may impact the company’s financial structure and strategies moving forward.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Cinemark’s 8K filing here.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.