The global exhibitor is restructuring debt to produce a cash injection worth $300m
AMC Entertainment has secured a debt agreement that the financially stretched global exhibitor says it views as “highly beneficial to the company and its shareholders.”
When completed, the complex deal will reduce the principal amount of AMC’s total debt, the company said, extend the maturities of a significant percentage of outstanding debt, decrease interest expense and improve the company’s cash and liquidity position.
AMC has more than 660 sites in the Us and, through its Odeon subsidiary, operates in 14 European countries, including the UK, Italy and Spain.
AMC Entertainment has secured a debt agreement that the financially stretched global exhibitor says it views as “highly beneficial to the company and its shareholders.”
When completed, the complex deal will reduce the principal amount of AMC’s total debt, the company said, extend the maturities of a significant percentage of outstanding debt, decrease interest expense and improve the company’s cash and liquidity position.
AMC has more than 660 sites in the Us and, through its Odeon subsidiary, operates in 14 European countries, including the UK, Italy and Spain.
- 7/11/2020
- by 31¦John Hazelton¦0¦
- ScreenDaily
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