Cinemark Holdings amended its credit agreement, with Barclays Bank serving as administrative agent on the transaction.
The amendment, among other things:
- Extended the maturity date of the term loans from May 8, 2022 to March 29, 2025
- Reduced the rate at which the term loans bear interest by 0.25% per annum
- Reduced the amount of real property required to be mortgaged to secure the loans.
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Cinemark Holdings operates approximately 500 theatres and more than 5,800 screens in the U.S. and Latin America. It develops platforms for its theatre circuit, such as XD, Movie Bistro, Cinemark Reserve, Luxury Lounger reclining seats, D-BOX seating and CineArts.
