Cinemark Holdings Enters Material Definitive Agreement

Ticker: CNK · Form: 8-K · Filed: 2024-05-30T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, filing

Related Tickers: CNK

TL;DR

Cinemark just signed a big deal, details to come.

AI Summary

Cinemark Holdings, Inc. filed an 8-K on May 28, 2024, to report the entry into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement, including parties involved and financial terms, are not fully disclosed in the provided text but are central to this filing.

Why It Matters

This filing indicates a significant new contract or partnership for Cinemark, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial or operational implications, but the lack of specific details in the provided text necessitates a medium risk assessment.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement Cinemark Holdings entered into?

The filing states that Cinemark Holdings, Inc. entered into a material definitive agreement as of May 28, 2024. Specific details of the agreement are not provided in the excerpt.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 28, 2024.

What are the primary business activities of Cinemark Holdings, Inc. according to the filing?

According to the filing, Cinemark Holdings, Inc. is involved in SERVICES-MOTION PICTURE THEATERS [7830].

What is the SEC file number for Cinemark Holdings, Inc.'s 8-K filing?

The SEC file number for Cinemark Holdings, Inc.'s 8-K filing is 001-33401.

Where is Cinemark Holdings, Inc. headquartered?

Cinemark Holdings, Inc. is headquartered at 3900 DALLAS PARKWAY, PLANO, TX 75093.

Filing Stats: 644 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-05-30 16:48:32

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 28, 2024, Cinemark Holdings, Inc. (" we ", " our ", " us ") and Cinemark USA, Inc. (" Cinemark USA "), our wholly-owned subsidiary, entered into a First Amendment (the " First Amendment ") to the Second Amended and Restated Credit Agreement, dated as of May 26, 2023 (the " Credit Agreement ") 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 First 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. The foregoing summary of the First Amendment is qualified in its entirety by reference to the complete copy of the First Amendment, filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 10.1 First Amendment dated as of May 28, 2024, to the Second Amended and Restated Credit Agreement, dated s of May 26, 2023 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. By: /s/ Michael D. Cavalier Name: Michael D. Cavalier Title: Executive Vice President - General Counsel Date: May 30, 2024

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