Comscore Amends Credit Agreement

Ticker: SCOR · Form: 8-K · Filed: 2024-05-07T00:00:00.000Z

Sentiment: neutral

Topics: debt, credit-agreement, financial-obligation

TL;DR

Comscore just amended its credit agreement, watch for financial implications.

AI Summary

On May 3, 2024, COMSCORE, INC. entered into a Material Definitive Agreement, specifically a Second Amendment to its Credit Agreement, which is a direct financial obligation. This amendment impacts the company's financial condition and operations.

Why It Matters

This amendment to Comscore's credit agreement could affect its borrowing capacity and financial flexibility, potentially impacting future investments or operational expenditures.

Risk Assessment

Risk Level: medium — Amendments to credit agreements can signal changes in a company's financial health or its ability to meet debt obligations.

Key Players & Entities

FAQ

What specific terms were changed in the Second Amendment to the Credit Agreement?

The filing indicates a 'Second Amendment to Credit Agreement' was entered into, but the specific terms of the amendment are not detailed in this summary section of the 8-K.

What is the nature of the 'Material Definitive Agreement' mentioned?

The 'Material Definitive Agreement' is identified as the Second Amendment to the Credit Agreement.

What are the implications of this amendment on Comscore's financial obligations?

The amendment creates a 'Direct Financial Obligation' for the registrant, meaning it directly impacts the company's financial commitments.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on May 3, 2024.

What is Comscore, Inc.'s principal executive office address?

Comscore, Inc.'s principal executive office is located at 11950 Democracy Drive Suite 600 Reston, Virginia 20190.

From the Filing

0001158172-24-000032.txt : 20240507 0001158172-24-000032.hdr.sgml : 20240507 20240507161232 ACCESSION NUMBER: 0001158172-24-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240503 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMSCORE, INC. CENTRAL INDEX KEY: 0001158172 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 541955550 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33520 FILM NUMBER: 24921984 BUSINESS ADDRESS: STREET 1: 11950 DEMOCRACY DRIVE STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-438-2000 MAIL ADDRESS: STREET 1: 11950 DEMOCRACY DRIVE STREET 2: SUITE 600 CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: COMSCORE NETWORKS INC DATE OF NAME CHANGE: 20010827 8-K 1 scor-20240503.htm 8-K scor-20240503 0001158172 false 0001158172 2024-05-03 2024-05-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 3, 2024 COMSCORE, INC. (Exact name of registrant as specified in charter)   Delaware 001-33520 54-1955550 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 11950 Democracy Drive Suite 600 Reston , Virginia 20190 (Address of principal executive offices, including zip code) ( 703 ) 438–2000 (Registrant’s telephone number, including area code) N/A (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: ☐ 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: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, par value $0.001 per share SCOR NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company 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. ☐ 1 Item 1.01 Entry into a Material Definitive Agreement. On May 3, 2024, comScore, Inc. (the "Company") entered into an amendment (the "Amendment") to its senior secured revolving credit agreement dated May 5, 2021 (the "Credit Agreement") among the Company, as borrower, the Company's subsidiaries from time to time party thereto, as guarantors, Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto. The Amendment, among other things, (i) extended the maturity date of the Credit Agreement from May 5, 2024 to November 5, 2024; (ii)

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