Cinemark Holdings Inc.

09/20/2024 | Press release | Distributed by Public on 09/20/2024 14:02

Termination of Material Agreement Form 8 K

Item 1.02
Termination of a Material Definitive Agreement.
On September 19, 2024, Cinemark USA, Inc. ("Cinemark USA") deposited with Computershare Trust Company, N.A. (successor to Wells Fargo Bank, N.A.), as trustee (the "Trustee") for the holders of Cinemark USA's outstanding 5.875% Senior Notes due 2026 (the "5.875% Notes"),
non-callable
U.S. government securities (the "Deposited Securities") in amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge in full all 5.875% Notes outstanding on March 15, 2025 (the "Redemption Date"), including principal and accrued interest to the Redemption Date. In connection therewith, on September 19, 2024, the Trustee sent a notice of optional full redemption on behalf of Cinemark USA to the holders of the 5.875% Notes electing to redeem all outstanding 5.875% Notes on the Redemption Date. The redemption payment will include $59,715,000 of outstanding principal at the redemption price of 100.000% of the principal amount, plus accrued and unpaid interest thereon to the Redemption Date. Upon deposit of the Deposited Securities with the Trustee on September 19, 2024, the indenture governing the 5.875% Notes was satisfied and discharged and ceased to be of further effect, except as to surviving rights of registration of transfer or exchange of the 5.875% Notes, and the Trustee delivered a Satisfaction and Discharge of Indenture, dated September 19, 2024, evidencing the satisfaction and discharge of the indenture. The 5.875% Notes, which bore interest at 5.875% per year, were scheduled to mature on March 15, 2026.