Starz expands credit facility to $183M revolver

Starz Entertainment Corp. entered into an Amendment No. 1 and Incremental Amendment to its existing Credit and Guarantee Agreement on August 12, 2026.

Rhea-AI Filing Summary

Starz Entertainment Corp. entered into an Amendment No. 1 and Incremental Amendment to its existing Credit and Guarantee Agreement on August 12, 2026. Through this amendment, subsidiary Starz Capital Holdings LLC increased the aggregate principal amount of revolving credit commitments by $33 million, creating an Upsized Revolving Credit Facility, and incurred an additional $67 million of senior secured term loans as Incremental Term Loans. After these changes, total revolving commitments are $183 million and total term loans are $367 million under the amended agreement. The Incremental Term Loans were fully borrowed on the closing date, and the company plans to use the proceeds, together with any borrowings and letters of credit under the upsized revolver, for working capital and other general corporate purposes.

Positive

• Amended credit facility increases available revolving commitments to $183 million, enhancing liquidity for operations.
• Company secures $67 million of additional senior secured term loans on terms substantially similar to the existing facility.

Negative

• Creation of an additional $67 million in senior secured term loans increases the company’s overall debt load.
• Upsizing the revolving credit facility by $33 million expands potential borrowing and related interest obligations.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Incremental revolving commitment increase: $33 million Incremental Term Loans: $67 million Total revolving credit commitments: $183 million +2 more

5 metrics

Incremental revolving commitment increase $33 million Increase in aggregate principal amount of revolving credit commitments under the amendment

Incremental Term Loans $67 million Additional senior secured term loans incurred on August 12, 2026

Total revolving credit commitments $183 million Aggregate principal amount of revolving credit commitments after the amendment

Total term loans $367 million Aggregate principal amount of term loans outstanding under the Amended Credit Agreement

Closing Date August 12, 2026 Date the Amendment No. 1 and Incremental Amendment became effective

Key Terms

Incremental Term Loans, Upsized Revolving Credit Facility, Credit and Guarantee Agreement, senior secured term loans, +1 more

5 terms

Incremental Term Loans financial

"incurred an additional $67 million of senior secured term loans (the “Incremental Term Loans”)"

Additional borrowings added onto an existing term loan facility as one or more extra tranches, often with their own size, interest rate, and repayment schedule but governed by the same loan agreement. Think of it like taking out an extra mortgage slice on top of an existing mortgage to fund a specific need; for investors, incremental term loans change a company’s total debt, interest costs and repayment schedule, and can affect credit metrics and lender covenants.

Upsized Revolving Credit Facility financial

"together with the existing revolving credit commitments, the “Upsized Revolving Credit Facility”"

Credit and Guarantee Agreement financial

"amending that certain Credit and Guarantee Agreement, dated as of May 6, 2025"

senior secured term loans financial

"incurred an additional $67 million of senior secured term loans"

A senior secured term loan is a long‑term bank-style loan that a company must repay on a set schedule and that is backed by specific assets as collateral; “senior” means it gets paid before other debts if the borrower runs into trouble. For investors, these loans matter because their collateral and priority typically reduce the risk of loss compared with unsecured or junior debt, while the fixed repayment plan and contract terms influence a company’s cash flow, interest burden and financial flexibility—think of it like a mortgage on a business asset that lenders can claim first if payments stop.

letters of credit financial

"proceeds of loans borrowed and letters of credit issued under the Upsized Revolving Credit Facility"

A letter of credit is a promise from a bank to pay a seller if the buyer fails to do so, commonly used in trade and large contracts to ensure payment. Think of it as a bank standing in for the buyer, like a certified check or payment insurance that reduces the risk of nonpayment. For investors, letters of credit matter because they affect a company’s cash flow, borrowing needs and contingent liabilities, and signal how much credit support a business requires to secure deals.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major financing change did STRZ announce on August 12, 2026?

Starz Entertainment Corp. entered into an amendment that increased revolving credit commitments by $33 million and added $67 million in senior secured Incremental Term Loans, modifying its existing Credit and Guarantee Agreement.

How large are STRZ’s credit facilities after the amendment?

After the amendment, Starz’s revolving credit commitments total $183 million and its senior secured term loans total $367 million under the Amended Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent.

How much new debt did STRZ incur through Incremental Term Loans?

Starz Capital Holdings LLC incurred an additional $67 million of senior secured term loans as Incremental Term Loans, which were fully borrowed on the August 12, 2026 closing date under the amended facility.

What will STRZ use the Incremental Term Loan proceeds for?

The company intends to use the $67 million Incremental Term Loan proceeds, along with any borrowings and letters of credit under the upsized revolver, for working capital and other general corporate purposes.

Who is the administrative agent for STRZ’s Amended Credit Agreement?

JPMorgan Chase Bank, N.A. serves as the administrative agent for Starz Entertainment Corp.’s Amended Credit Agreement, including the upsized revolving credit facility and the new Incremental Term Loans.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/17/2026 - 04:29 PM Accepted by SEC EDGAR 08/17/2026 - 04:27 PM Learn about SEC filing dates

FALSE000092935100009293512026-08-122026-08-120000929351dei:OtherAddressMember2026-08-122026-08-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): August 12, 2026 

Starz Entertainment Corp.

(Exact name of registrant as specified in its charter)

British Columbia, Canada

1-14880

N/A

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

250 Howe Street, 20th Floor

Vancouver, British Columbia V6C 3R8

1647 Stewart Street

Santa Monica, California 90404

(Address of principal executive offices) (Zip Code)

(604) 648-6559

(Registrant’s telephone number, including area code)

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:

☐						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

Common Shares, no par value per share

STRZ

The Nasdaq Stock Market LLC

(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company 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 August 12, 2026 (the “Closing Date”), Starz Entertainment Corp. (the “Company”), together with Starz Capital Holdings LLC, as borrower (the “Borrower”) and certain of its subsidiaries, entered into that certain Amendment No. 1 and Incremental Amendment (the “Amendment”) with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit and Guarantee Agreement, dated as of May 6, 2025 (the “Existing Credit Agreement”, as amended by the Amendment, the “Amended Credit Agreement”), among the Company, the Borrower, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

Pursuant to the terms of the Amendment, the Borrower (i) increased the aggregate principal amount of revolving credit commitments by $33 million (together with the existing revolving credit commitments, the “Upsized Revolving Credit Facility”) and (ii) incurred an additional $67 million of senior secured term loans (the “Incremental Term Loans”), in each case on terms that are substantially the same as the facilities under the Existing Credit Agreement. After giving effect to the Amendment, the aggregate principal amount of revolving credit commitments and term loans under the Amended Credit Agreement are $183 million and $367 million, respectively.

On the Closing Date, the Borrower borrowed in full the Incremental Term Loans. The Borrower intends to use the proceeds of the Incremental Term Loans, along with any proceeds of loans borrowed and letters of credit issued under the Upsized Revolving Credit Facility, for working capital and other general corporate purposes.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Credit Agreement, which is filed as Exhibit 10.1 to this 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed as part of this report:

No.						Exhibit
10.1						Amendment No. 1 and Incremental Amendment, dated as of August 12, 2026, among Starz Entertainment Corp., as parent, Starz Capital Holdings LLC, as borrower, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and each lender party thereto.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Starz Entertainment Corp.

Date:

August 17, 2026

By:

/s/ Scott Macdonald

Scott Macdonald

Chief Financial Officer

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EX-10.1 742.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 13.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 24.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 14.5 KB