Cinemark USA, Inc. -- Moody's rates Cinemark's term loan Ba1

New York, June 10, 2016 -- Moody's Investors Service has assigned a Ba1 rating to Cinemark USA, Inc.'s (Cinemark or the company) new senior secured term loan. Proceeds from the new term loan were used to pay off the existing term loan. The maturity date remains unchanged and no new debt has been issued as part of the transaction. The company is benefiting from a change in pricing on the term loan, with the spread being reduced 25 basis points (bps) to 275 bps above LIBOR. The transaction will reduce annual interest by approximately $1.5 million. The company's B1 Corporate Family Rating (CFR) and stable outlook remain unchanged.

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