Lionsgate Entertainment Corp. Enters Material Definitive Agreement
Ticker: STRZ · Form: 8-K · Filed: Dec 16, 2024 · CIK: 929351
| Field | Detail |
|---|---|
| Company | Lions Gate Entertainment Corp /Cn/ (STRZ) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $455.0 m, $720.0 million, $850.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Lionsgate just signed a big financial deal, details to come.
AI Summary
On December 9, 2024, Lionsgate Entertainment Corp. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event for the company's financial structure.
Why It Matters
This filing indicates a new significant financial commitment or obligation for Lionsgate, which could impact its financial health and future investments.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or opportunities, the impact of which is not yet fully detailed.
Key Players & Entities
- Lions Gate Entertainment Corp. (company) — Registrant
- December 9, 2024 (date) — Date of earliest event reported
FAQ
What is the specific nature of the material definitive agreement entered into by Lionsgate?
The filing states that Lionsgate entered into a material definitive agreement, but the specific details of the agreement are not provided in this initial report.
What is the direct financial obligation or off-balance sheet arrangement mentioned?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed here.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
What is the financial impact of this agreement on Lionsgate Entertainment Corp.?
The financial impact is not detailed in this filing, as it only reports the entry into the agreement.
When was this agreement officially entered into?
The agreement was entered into on December 9, 2024, which is the date of the earliest event reported.
Filing Stats: 1,032 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-12-16 07:42:03
Key Financial Figures
- $455.0 m — amount of the LG IP Credit Facility was $455.0 million, subject to the amount of Collate
- $720.0 million — amount of the LG IP Credit Facility to $720.0 million. On December 9, 2024, the parties to t
- $850.0 million — amount of the LG IP Credit Facility to $850.0 million. The foregoing descriptions of the Agr
Filing Documents
- d914471d8k.htm (8-K) — 32KB
- d914471dex101.htm (EX-10.1) — 752KB
- d914471dex102.htm (EX-10.2) — 826KB
- d914471dex103.htm (EX-10.3) — 45KB
- 0001193125-24-279034.txt ( ) — 2204KB
- lgfa-20241209.xsd (EX-101.SCH) — 3KB
- lgfa-20241209_def.xml (EX-101.DEF) — 15KB
- lgfa-20241209_lab.xml (EX-101.LAB) — 24KB
- lgfa-20241209_pre.xml (EX-101.PRE) — 15KB
- d914471d8k_htm.xml (XML) — 7KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Credit, Security and Pledge Agreement dated as of September 30, 2024 with the borrowers, lenders and parents referred to therein, Fifth Third Bank, a National Association, as administrative agent and joint lead arranger, East West Bank, as reserve deposit agent, Zions Bankcorporation, N.A. (d/b/a California Bank & Trust) and First-Citizens Bank & Trust Company as co-documentation agents, and Western Alliance Bank as joint lead arranger. 10.2 Amended and Restated Credit, Security and Pledge Agreement dated as of November 5, 2024 with the borrowers, lenders and parents referred to therein, Fifth Third Bank, a National Association, as administrative agent and joint lead arranger, East West Bank, as reserve deposit agent, Zions Bankcorporation, N.A. (d/b/a California Bank & Trust) and First-Citizens Bank & Trust Company as co-documentation agents, and Western Alliance Bank as joint lead arranger. 10.3 Amendment No. 1 to the Amended and Restated Credit, Security and Pledge Agreement dated as of December 9, 2024 with the borrowers, lenders and parents referred to therein, Fifth Third Bank, a National Association, as administrative agent and joint lead arranger, East West Bank, as reserve deposit agent, Zions Bankcorporation, N.A. (d/b/a California Bank & Trust) and First-Citizens Bank & Trust Company as co-documentation agents, and Western Alliance Bank as joint lead arranger. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant hereby undertakes to furnish copies of any of the omitted schedules upon request by the Securities and Exchange Commission.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 16, 2024 LIONS GATE ENTERTAINMENT CORP. By: /s/ James W. Barge Name: James W. Barge Title: Chief Financial Officer