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OUTFRONT Media Inc. – ‘8-K’ for 5/25/23

On:  Wednesday, 5/24/23, at 8:10pm ET   ·   As of:  5/25/23   ·   For:  5/25/23   ·   Accession #:  1579877-23-53   ·   File #:  1-36367

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/25/23  OUTFRONT Media Inc.               8-K:1,9     5/25/23   11:2.1M

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     46K 
 2: EX-10.1     Material Contract                                   HTML   1.71M 
 6: R1          Cover Page                                          HTML     45K 
 9: XML         IDEA XML File -- Filing Summary                      XML     11K 
 7: XML         XBRL Instance -- out-20230525_htm                    XML     21K 
 8: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- out-20230525_lab                      XML     67K 
 5: EX-101.PRE  XBRL Presentations -- out-20230525_pre               XML     33K 
 3: EX-101.SCH  XBRL Schema -- out-20230525                          XSD     10K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    17K 
11: ZIP         XBRL Zipped Folder -- 0001579877-23-000053-xbrl      Zip    289K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX:   C:  C: 
  out-20230525  
 i 0001579877 i FALSE00015798772023-05-252023-05-25

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM  i 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):  i May 25, 2023 (May 24, 2023)
 _________________________
 i OUTFRONT Media Inc.
(Exact name of registrant as specified in its charter)
 __________________________
 i Maryland
 i 46-4494703
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
 i 405 Lexington Avenue, 17th Floor
 i New York,
 i New York
 i 10174
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: ( i 212 i 297-6400
__________________________

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):

 i     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i     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
 i Common Stock, $0.01, par value
 i OUT
 i New York Stock Exchange
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
 i 
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 May 24, 2023, OUTFRONT Media Inc. (the “Company”), along with its wholly-owned subsidiaries, Outfront Media Capital LLC and Outfront Media Capital Corporation, and the other guarantors party thereto, entered into an amendment (the “Amendment”) to its credit agreement, dated as of January 31, 2014 (as amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), with Morgan Stanley Senior Funding, Inc. and the other lenders party thereto from time to time.

The Amendment amends the Credit Agreement to replace the London Interbank Offered Rate with the Secured Overnight Financing Rate as the interest rate benchmark. The remaining terms of the Credit Agreement, as amended by the Amendment, are substantially the same as the terms under the existing Credit Agreement.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment (which includes the Credit Agreement, as amended by the Amendment), a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is filed herewith:
Exhibit
Number
Description
10.1Amendment No. 7 to Credit Agreement, dated as of May 24, 2023, by and among Outfront Media Capital LLC, Outfront Media Capital Corporation, the guarantors party thereto, Morgan Stanley Senior Funding, Inc. and the other lenders party thereto from time to time, to Credit Agreement, dated as of January 31, 2014, as amended.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).




EXHIBIT INDEX
Exhibit
Number
Description
10.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).





SIGNATURE
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.
OUTFRONT MEDIA INC.
By:
   /s/ Matthew Siegel
Name:
Title:
Executive Vice President and
Chief Financial Officer

Date: May 24, 2023
                        







Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed as of / For Period end:5/25/23
Filed on:5/24/23
1/31/14S-11/A
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/24  OUTFRONT Media Inc.               10-K       12/31/23  132:15M
 8/07/23  OUTFRONT Media Inc.               10-Q        6/30/23   90:8.9M
 6/06/23  OUTFRONT Media Inc.               S-8         6/06/23    4:259K                                   Broadridge Fin’l So… Inc
 5/25/23  OUTFRONT Media Inc.               S-3ASR      5/25/23    5:653K                                   Broadridge Fin’l So… Inc
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