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Stock impact report

Cinemark USA, Inc. Amends Senior Secured Credit Agreement

Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) 
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am Check Earnings Report
Company Research Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)-- Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, announced today that through its wholly-owned subsidiary, Cinemark USA, Inc. (the “Company”), it has successfully completed an amendment to its senior secured credit facility that included a repricing of the term loan under the facility and an extension of the maturity by approximately three years. The Company’s credit agreement was amended to reduce the rate at which the term loan bears interest, which will now be at either a base rate plus 0.75% or LIBOR plus 1.75%, as elected by the Company in accordance with the credit agreement, representing an annual cash interest savings of 25 basis points or approximately $1.7 million per year. “We are extremely pleased that the strength of our balance sheet and consistency of our financial results allowed us to once again improve the ma Show less Read more
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