Starz Entertainment Corp. Amends Credit Agreement, Adds $67M Term Loan

What Happened
On August 12, 2026, Starz Entertainment Corp., together with Starz Capital Holdings LLC as borrower, entered into Amendment No. 1 and an Incremental Amendment with its lenders and JPMorgan Chase Bank, N.A. (administrative agent) to amend the Credit and Guarantee Agreement dated May 6, 2025. The amendment increases the aggregate revolving credit commitments by $33 million (creating an Upsized Revolving Credit Facility) and adds $67 million of senior secured incremental term loans. After the amendment, revolving commitments total $183 million and term loans total $367 million. The borrower drew the full $67 million incremental term loans on the closing date and said proceeds will be used for working capital and general corporate purposes.

Key Details

• Amendment effective/closed on August 12, 2026; 8‑K filed August 17, 2026.
• Revolving credit commitments increased by $33 million to $183 million total.
• $67 million of incremental senior secured term loans were incurred and fully borrowed at closing, bringing term loans to $367 million.
• Administrative agent: JPMorgan Chase Bank, N.A.; proceeds for working capital and general corporate needs.

Why It Matters
This amendment increases Starz’s available liquidity (larger revolver) while also raising its outstanding secured debt by $67M. For investors, that can mean more short‑term flexibility to fund operations or strategic needs, but it also increases the company’s leverage and associated interest obligations. The filing states the new facilities are on substantially the same terms as the existing credit agreement, and the full agreement is filed as an exhibit for detailed terms.