Screaming Eagle Acquisition Corp. Class A (SCRM) has shared an update.
Screaming Eagle Acquisition Corp. has amended its business combination agreement with several subsidiaries and Lions Gate Entertainment Corp. In a recent move, Lionsgate has agreed to a private exchange with holders of its 5.500% Senior Notes due in 2029, swapping around $383 million worth of these notes for new ones. This financial maneuver is contingent on certain conditions being met. This strategic exchange aims to streamline Lionsgate’s financial obligations and is noteworthy for investors tracking corporate debt restructuring and entertainment industry financials.
See more data about SCRM stock on TipRanks’ Stock Analysis page.
