Cinemark Holdings, Inc. Files 8-K Report

TL;DR

CNK filed an 8-K, no new info, just compliance.

AI Summary

On April 1, 2024, Cinemark Holdings, Inc. filed an 8-K report to disclose information under Regulation FD. The filing does not contain specific financial figures or material events beyond the reporting of the document itself.

Why It Matters

This filing indicates Cinemark Holdings, Inc. is complying with regulatory reporting requirements. It does not provide new financial information or operational updates.

Risk Assessment

Risk Level: low — The filing is a routine regulatory disclosure and does not contain any new material information that would impact the company's risk profile.

Key Players & Entities

• Cinemark Holdings, Inc. (company) — Registrant
• CINEMARK USA INC /TX (company) — Subsidiary Filer
• April 1, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — oldings, Inc. Common Stock, par value $0.001 per share CNK NYSE Cinemark USA,
• $150,000,000 — an aggregate principal amount equal to $150,000,000, at a cash redemption price equal to 10

Filing Documents

• cnk-20240401.htm (8-K) — 62KB
• 0000950170-24-039610.txt ( ) — 202KB
• cnk-20240401.xsd (EX-101.SCH) — 42KB
• cnk-20240401_htm.xml (XML) — 7KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 1, 2024, at the request of Cinemark USA, Inc. (" Cinemark USA "), a wholly-owned subsidiary of Cinemark Holdings, Inc. (" Cinemark Holdings ," " we ," " us " and " our "), Computershare Trust Services, N.A. (successor to Wells Fargo Bank, N.A.), a national banking association, as trustee under the indenture governing Cinemark USA's outstanding 8.750% Senior Secured Notes due 2025 (144A CUSIP No. 172441BC0; Reg S CUSIP No. U17176 AJ4) (the " 8.750% Notes "), sent a notice of optional full redemption (the " Redemption Notice ") to the holders of the 8.750% Notes. Pursuant to the Redemption Notice, Cinemark USA has elected to effect an optional redemption on May 1, 2024 (the " Redemption Date ") of the entire outstanding aggregate principal amount of the 8.750% Notes in an aggregate principal amount equal to $150,000,000, at a cash redemption price equal to 100.000% of the principal amount thereof plus accrued and unpaid interest, if any, thereon to the Redemption Date (the " Redemption Price "). Following the payment of the Redemption Price, no 8.750% Notes will remain outstanding. On and after the Redemption Date, interest on the 8.750% Notes will cease to accrue in accordance with the indenture governing the 8.750% Notes, unless Cinemark USA defaults in paying the Redemption Price, and the only remaining right of Holders of the 8.750% Notes will be to receive payment of the Redemption Price. This Current Report on Form 8-K does not constitute a redemption notice and is qualified in its entirety by reference to the Redemption Notice. The information described in this Item 7.01 is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in this Item 7.01 will not be incorporated by reference into any registration statement filed by Cinemark Holdings under the Securities Act of 1933, as amended (the "Securities Act"), unless specifically identified therein as being incorporated therein by r

Forward-looking Statements

Forward-looking Statements This Report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and speak only as of the date hereof. These forward-looking statements are based on information currently available as well as management's assumptions and beliefs today. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the statements, and investors should not place undue reliance on them. Risks and uncertainties that could cause actual results to differ materially from such statements include future revenues, expenses and profitability, currency exchange rate and inflationary impacts, the future development and expected growth of our business, projected capital expenditures, access to capital resources, attendance at movies generally or in any of the markets in which we operate, the number and diversity of popular movies released, the length of exclusive theatrical release windows, and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors, alternative forms of entertainment and content delivery via streaming and other formats, determinations in lawsuits in which we are a party, and the impact of the COVID-19 pandemic on us and the motion picture exhibition industry. You can identify forward-looking statements by the use of words such as "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. Such ris