Cinemark Holdings Enters Material Definitive Agreement
Ticker: CNK · Form: 8-K · Filed: 2024-07-18T00:00:00.000Z
Sentiment: neutral
Topics: debt, financing, agreement
Related Tickers: CNK
TL;DR
CNK just signed a big deal, likely new debt. Watch financials.
AI Summary
On July 18, 2024, Cinemark Holdings, Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The filing indicates a new debt arrangement or a significant financial commitment for the company.
Why It Matters
This filing signals a new financial obligation for Cinemark, which could impact its debt levels and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements, especially those involving financial obligations, can introduce financial risks and alter a company's capital structure.
Key Players & Entities
- Cinemark Holdings, Inc. (company) — Filer
- CINEMARK USA INC /TX (company) — Related Filer
- 0001385280 (company) — Central Index Key for Cinemark Holdings, Inc.
- 0000885975 (company) — Central Index Key for CINEMARK USA INC /TX
FAQ
What type of Material Definitive Agreement did Cinemark Holdings, Inc. enter into?
The filing indicates the entry into a Material Definitive Agreement that constitutes the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
What is the date of this filing and report?
The filing date and the date as of which the report is conformed are both July 18, 2024.
What are the primary business activities of Cinemark Holdings, Inc. and CINEMARK USA INC /TX?
Both companies are listed under the Standard Industrial Classification code 7830, which corresponds to SERVICES-MOTION PICTURE THEATERS.
What is the SEC file number for Cinemark Holdings, Inc.?
The SEC file number for Cinemark Holdings, Inc. is 001-33401.
Where are Cinemark Holdings, Inc. and CINEMARK USA INC /TX headquartered?
Both companies share the same business and mail address: 3900 DALLAS PARKWAY, PLANO, TX 75093.
Filing Stats: 1,551 words · 6 min read · ~5 pages · Grade level 12.1 · Accepted 2024-07-18 11:00:07
Key Financial Figures
- $0.001 — oldings, Inc. Common Stock, par value $0.001 per share CNK NYSE Cinemark USA,
- $500 million — pleted the offering (the "Offering") of $500 million aggregate principal amount of its 7.0%
- $460 million — ructurally senior to Cinemark Holdings' $460 million of 4.50% Convertible Notes due 2025. T
- $345,285,000 — the notice of guaranteed delivery date, $345,285,000 aggregate principal amount of the 5.875
Filing Documents
- d817703d8k.htm (8-K) — 44KB
- d817703dex41.htm (EX-4.1) — 652KB
- d817703dex991.htm (EX-99.1) — 15KB
- g817703g0717023037227.jpg (GRAPHIC) — 4KB
- 0001193125-24-180858.txt ( ) — 1015KB
- cnk-20240718.xsd (EX-101.SCH) — 5KB
- cnk-20240718_cal.xml (EX-101.CAL) — 1KB
- cnk-20240718_def.xml (EX-101.DEF) — 12KB
- cnk-20240718_lab.xml (EX-101.LAB) — 16KB
- cnk-20240718_pre.xml (EX-101.PRE) — 12KB
- d817703d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 4.1 Indenture, dated as of July 18, 2024, among Cinemark USA, Inc., the Guarantors named therein and Truist Bank, as trustee. 99.1 Press Release dated July 18, 2024. 104 Cover Page Interactive Data File (embedded with 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: July 18, 2024 By: /s/ Michael D. Cavalier Name: Michael D. Cavalier Title: Executive Vice President - General Counsel and Business Affairs & Secretary