Barclays Amends Cinemark Term Loans
Cinemark Holdings amended its credit agreement, with Barclays Bank serving as administrative agent on the transaction.
April 6, 2018
Barclays Bank | Cinemark Holdings
Amanda Koprowski
Cinemark Holdings amended its credit agreement, with Barclays Bank serving as administrative agent on the transaction.
Cinemark Holdings successfully amended its senior secured credit facility reduce the rate at which the term loan bears interest, which will now be at either a base rate plus 1.00% or LIBOR + 2.00%, representing an annual cash interest savings of 25 basis points or approximately $1.7 million per year.