Q4 ‘20 Earnings Supplemental Presentation
Credit Agreement Amendment
In addition, pursuant to the Credit Agreement Second Amendment, NCM LLC will incur new incremental term loans in an aggregate principal
amount of $50.0 million, the proceeds of which will be used for general corporate purposes. The New Incremental Loans will have
substantially similar terms to the existing term loans (after giving effect to the Credit Agreement Second Amendment), except that the New
Incremental Loans will:
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(i)
(ii)
(iii)
have a cash interest rate of LIBOR plus 8.00%,
have a maturity of December 20, 2024, and
be subject to prepayment premiums if the Borrower prepays the New Incremental Loans before maturity.
In connection with the grant of the Additional Collateral to the lenders under the Credit Agreement, NCM LLC concurrently entered into an
amendment to the Security Agreement, dated as of October 8, 2019 made by NCM LLC, as issuer, in favor of JPMorgan Chase Bank, N.A.,
as collateral agent, relating to that certain Indenture, dated as of October 8, 2019, between NCM LLC, as issuer and Wells Fargo Bank,
National Association, as trustee, relating to NCM LLC's Notes due 2028. This amendment grants a security interest in the Additional
Collateral for the benefit of the holders of the Secured Notes.
NCM
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