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CNK 8-K: Fourth Amendment Executed on Cinemark Credit Facility

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cinemark Holdings, Inc. and Cinemark USA, Inc. filed a Current Report on Form 8-K disclosing a Fourth Amendment, dated September 5, 2025, to their Second Amended and Restated Credit Agreement originally dated May 26, 2023. The amendment follows three prior amendments (May 28, 2024; November 29, 2024; June 30, 2025) and names Barclays Bank PLC as administrative agent. The filing is signed by Michael D. Cavalier, Executive Vice President - General Counsel and Business Affairs & Secretary. The document identifies the parties as Cinemark Holdings, Inc., Cinemark USA, Inc., various lenders and agents, and Barclays Bank PLC. No specific financial terms, covenant changes, borrowing amounts, maturity changes or other economic details are included in the disclosed text.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Amendment to Cinemark's loan agreement was executed, but the filing provides no terms to assess credit impact.

The Form 8-K documents a Fourth Amendment to the Second Amended and Restated Credit Agreement dated May 26, 2023, reflecting continued lender engagement and administrative oversight by Barclays Bank PLC. The filing confirms prior amendment activity in 2024 and 2025, indicating ongoing loan-document maintenance. Because the filing excerpt contains no covenant modifications, pricing, facility size, maturities, or waiver language, the material credit and liquidity implications cannot be determined from the provided content.

TL;DR: The company disclosed a material amendment but did not include substantive contractual details required to judge investor impact.

The 8-K properly notifies investors of a Fourth Amendment to the company’s credit agreement and identifies the signatory officer. It documents continuity in lender relations by referencing multiple prior amendments and naming the administrative agent. However, absent explicit amendment terms or management discussion, one cannot evaluate effects on covenants, default risk, or financing flexibility from this filing alone.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 5, 2025
 
 
 
Commission
File Number
 
Exact Name of Registrant as
Specified in its Charter,
Principal Executive Office Address
and Telephone Number
 
State of
Incorporation
  
IRS Employer
Identification No.
001-33401
 
Cinemark Holdings, Inc.
3900 Dallas Parkway
Plano, Texas 75093
(972)
665-1000
 
Delaware
  
20-5490327
033-47040
 
Cinemark USA, Inc.
3900 Dallas Parkway
Plano, Texas 75093
(972)
665-1000
 
Texas
  
75-2206284
 
 
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
   
Title of each class
 
Trading
symbol(s)
  
Name of each exchange
on which registered
Cinemark Holdings, Inc.   Common Stock, par value $0.001 per share   CNK   
NYSE
NYSE Texas
Cinemark USA, Inc.   None   None    None
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Item 1.01 Entry into a Material Definitive Agreement.
On September 5, 2025, Cinemark Holdings, Inc. (“
we
”, “
our
”, “
us
”) and Cinemark USA, Inc. (“
Cinemark USA
”), our wholly-owned subsidiary, entered into a Fourth Amendment (the “
Fourth Amendment
”) to the Second Amended and Restated Credit Agreement, dated as of May 26, 2023 (as amended by that certain First Amendment, dated as of May 28, 2024, that certain Second Amendment, dated as of November 29, 2024, and that certain Third Amendment, dated as of June 30, 2025, the “
Credit Agreement
”), among us, Cinemark USA, the several banks and other lenders from time to time party thereto, the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent. The Credit Agreement was amended pursuant to the Fourth Amendment to, among other things, reduce the rate at which the revolving loans bear interest by 1.50% and increase the aggregate commitment of the revolving loans available to us by an amount equal to $100,000,000 (to a total aggregate commitment of revolving loans equal to $225,000,000). The revolving credit facility is scheduled to mature on May 26, 2028, subject to a springing maturity date of April 15, 2028 in certain circumstances, and Cinemark USA will be required to pay a commitment fee calculated at a percentage ranging from 0.25% to 0.375% on the average daily unused portion of the revolving credit facility, payable quarterly in arrears.
The foregoing summary of the Fourth Amendment is qualified in its entirety by reference to the complete copy of the Fourth Amendment, filed as Exhibit 10.1 to this Current Report on Form
8-K
and is incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance
Sheet Arrangement of Registrant.
The information set forth in Item 1.01 above is hereby incorporated into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
 
(d)
Exhibits
 
Exhibit No.
  
Exhibit Description
10.1    Fourth Amendment, dated as of September 5, 2025, to the Second Amended and Restated Credit Agreement, dated as of May 26, 2023 (as amended by that certain First Amendment, dated as of May 28, 2024, that certain Second Amendment, dated as of November 29, 2024, and that certain Third Amendment, dated as of June 30, 2025), among Cinemark Holdings, Inc., Cinemark USA, Inc., the several banks and other lenders from time to time party thereto, the other agents and arrangers named therein and Barclays Bank PLC, as administrative agent.
104    Cover Page Interactive Data File (embedded within 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: September 5, 2025   By:  
/s/ Michael D. Cavalier
    Name:   Michael D. Cavalier
    Title:   Executive Vice President - General Counsel and
      Business Affairs & Secretary

FAQ

What did Cinemark (CNK) report in the Form 8-K dated September 5, 2025?

The company reported a Fourth Amendment to its Second Amended and Restated Credit Agreement dated May 26, 2023.

Who are the parties named in the amendment disclosed by Cinemark (CNK)?

The amendment names Cinemark Holdings, Inc., Cinemark USA, Inc., various banks and lenders, other agents and arrangers, and Barclays Bank PLC as administrative agent.

Does the 8-K include the economic terms of the credit agreement amendment?

No. The provided filing excerpt does not disclose financial terms, covenant changes, borrowing amounts, maturities, or waiver language.

Who signed the Form 8-K for Cinemark (CNK)?

The Form 8-K is signed by Michael D. Cavalier, Executive Vice President - General Counsel and Business Affairs & Secretary.

Were prior amendments to the credit agreement referenced?

Yes. The filing references a First Amendment (May 28, 2024), a Second Amendment (November 29, 2024), and a Third Amendment (June 30, 2025).
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