Cinemark Holdings (CNK) has issued an announcement.
Cinemark USA, Inc. has fully redeemed its outstanding 8.750% Senior Secured Notes due in 2025 by paying off the entire $150 million principal amount plus accrued interest. This move, effective May 1, 2024, not only satisfies and discharges the indenture agreement but also releases all related liens, a year before the notes were set to mature. This strategic financial maneuver is a significant step for Cinemark USA, potentially signaling a stronger fiscal position to investors and market watchers.
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