SEC Form 8-K filed by Cinemark Holdings Inc Cinemark Holdings Inc.
$CNK
Movies/Entertainment
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 29, 2024
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Exact Name of Registrant as Specified in its Charter, Principal Executive Office Address and Telephone Number |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading symbol(s) |
Name of each exchange on which registered | ||||
Cinemark Holdings, Inc. |
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Cinemark USA, Inc. |
None |
None |
None |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934 (§240.12b-2
of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On November 29, 2024, Cinemark Holdings, Inc. (“”, “”, “”) and Cinemark USA, Inc. (“”), our wholly-owned subsidiary, entered into a Second Amendment (the “”) to the Second Amended and Restated Credit Agreement, dated as of May 26, 2023 (as amended by that certain First Amendment to the Second Amended and Restated Credit Agreement, dated as of May 28, 2024, the “”), among us, Cinemark USA, the several banks and other lenders from time to time party thereto, the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent. The Credit Agreement was amended pursuant to the Second Amendment to, among other things, reduce the rate at which the term loans bear interest by 0.50% and reset the 101% soft call for six months.
we
our
us
Cinemark USA
Second Amendment
Credit Agreement
The foregoing summary of the Second Amendment is qualified in its entirety by reference to the c
om
plete copy of the Second Amendment, filed as Exhibit 10.1 to this Current Report on Form 8-K
and is incorpora
ted by reference herein. Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit No. |
Exhibit Description | |
| 10.1 | Second Amendment, dated as of November 29, 2024, to the Second Amended and Restated Credit Agreement, dated as of May 26, 2023 (as amended by the First Amendment to the Second Amended and Restated Credit Agreement, dated as of May 28, 2024), among Cinemark Holdings, Inc., Cinemark USA, Inc., the several banks and other lenders from time to time party thereto, the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CINEMARK HOLDINGS, INC. | ||||||||
| CINEMARK USA, INC. | ||||||||
| Date: November 29, 2024 | By: | /s/ Michael D. Cavalier | ||||||
| Name: | Michael D. Cavalier | |||||||
| Title: | Executive Vice President - General Counsel and | |||||||
| Business Affairs & Secretary | ||||||||