Starz Entertainment Corp. filed a Form 8-K on August 17, 2026, disclosing that on August 12, 2026, it entered into Amendment No. 1 and Incremental Amendment to its existing credit agreement, increasing revolving credit commitments by $33 million and adding $67 million in incremental term loans.

Key Highlights

  • Revolving credit increased: Aggregate revolving credit commitments rose by $33 million, bringing the total revolving facility to $183 million after the amendment.
  • Incremental term loans: The borrower incurred an additional $67 million of senior secured term loans, fully drawn on the closing date of August 12, 2026.
  • Total term loan balance: After the amendment, aggregate term loans under the amended credit agreement total $367 million.
  • Administrative agent: JPMorgan Chase Bank, N.A. serves as administrative agent under the amended credit agreement.
  • Intended use of proceeds: The company disclosed proceeds are intended for working capital and other general corporate purposes.
  • Original agreement date: The existing credit agreement being amended was dated May 6, 2025.

Starz Entertainment Amends Credit Agreement, Adding $100 Million in New Capacity

According to the filing, Starz Entertainment Corp. (NASDAQ:STRZ), together with Starz Capital Holdings LLC as borrower and certain subsidiaries, entered into Amendment No. 1 and Incremental Amendment on August 12, 2026. The amendment modifies the Credit and Guarantee Agreement originally dated May 6, 2025, with JPMorgan Chase Bank, N.A. acting as administrative agent. The filing states that the new terms are "substantially the same as the facilities under the Existing Credit Agreement."

The amendment accomplished two things, according to the filing: it increased the aggregate principal amount of revolving credit commitments by $33 million and added $67 million of senior secured incremental term loans. After giving effect to the amendment, the company disclosed that aggregate revolving credit commitments total $183 million and aggregate term loans total $367 million. The borrower drew the full $67 million of incremental term loans on the closing date.

The registrant reported that proceeds from the incremental term loans, along with any amounts borrowed or letters of credit issued under the upsized revolving credit facility, are intended for working capital and other general corporate purposes. The filing was signed by Scott Macdonald, Chief Financial Officer, and notes that the full text of the amended credit agreement is filed as Exhibit 10.1 to the report. The filing also triggered disclosure under Item 2.03, Creation of a Direct Financial Obligation.

What Was Disclosed

Starz Entertainment Corp. disclosed an amendment to its credit agreement that adds $33 million in revolving capacity and $67 million in term loans, bringing total revolving commitments to $183 million and total term loans to $367 million, with proceeds designated for general corporate purposes.