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Shares of the movie-theater chain and original meme stock dropped as nearly 80 million common shares are exchanged for debt maturing in 2030.
Movie-theater chain and original meme stock AMC’s debt-restructuring deal has sparked buying activity in the company’s bonds.
AMC Entertainment Holdings Inc. said it reached a sweeping restructuring deal with creditors that will let it delay repayment of more than $1.6 billion of debt for several years, buying it time to ...
Read also: AMC debt restructuring sparks more buying in the movie-theater chain's junk bonds -James Rogers -Ciara Linnane ...
Of seven analysts surveyed by FactSet, four have a hold rating and three have a sell rating for AMC. AMC gave its second-quarter guidance shortly after announcing a debt-restructuring deal.
(Reuters) -AMC Entertainment Holdings has reached an agreement with creditors to extend the maturity of up to $2.45 billion of its debt, the theater chain said on Monday, sending its shares up 12. ...
Zinger Key Points AMC announces plans to restructure its debt load. "The box office challenges of the first half of 2024 are now in the rearview mirror," AMC CEO Adam Aron says.
The company’s debt restructuring will surely buy AMC Entertainment some time to engineer a hoped-for turnaround.
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