Item 1.01 Entry into Material Definitive Agreement
On January 17, 2023, National CineMedia, LLC (the "Borrower") entered into (i)
Amendment No. 4 (the "Credit Agreement Amendment") to its Credit Agreement,
dated as of June 20, 2018, among the Borrower, the several banks and other
financial institutions or entities from time to time parties thereto, and
JPMorgan Chase Bank, N.A., as administrative agent, as previously amended (the
"Credit Agreement") and (ii) Amendment No. 1 to its Revolving Credit Agreement
dated as of January 5, 2022, among the Borrower, lender parties thereto and
Wilmington Savings Fund Society, FSB, as administrative agent (the "Revolving
Credit Agreement Amendment"). The Credit Agreement Amendment and Revolving
Credit Agreement Amendment provide for the addback of specified professional
fees paid by the Borrower during the period of January 6, 2023 through the date
the Borrower delivers a compliance certificate for the quarter ending on or
about December 28, 2023, when calculating the sum of unrestricted cash on hand
at the Borrower and revolving credit facility availability under the Credit
Agreement and Revolving Credit Agreement required to be maintained under each
respective agreement.
The foregoing description of the Credit Agreement Amendment and Revolving Credit
Agreement Amendment are qualified in their entirety by reference to the complete
copies of the Credit Agreement Amendment and Revolving Credit Agreement
Amendment, respectively, filed as Exhibit 10.1 and Exhibit 10.2, to this Current
Report on Form 8-K and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
10.1 Amendment No. 4 to the Credit Agreement, dated as of January 17, 2023, by and
among National CineMedia, LLC, each lender party thereto, and JPMorgan Chase Bank,
N.A., as administrative agent
10.2 Amendment No. 1 to the Revolving Credit Agreement, dated as of January 17, 2023,
by and among National CineMedia, LLC, each lender party thereto, and Wilmington
Savings Fund Society, FSB, as administrative agent
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses