AMC Announces Refinancing Transactions To Extend Up To $2.45B Of Debt Maturities; Issuing $1.2B In New Secured Term Loans And $414M In Exchangeable Notes; Potential To Reduce Debt By $464M Through Equity Conversion
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment Holdings, Inc. has announced a series of refinancing transactions aimed at extending up to $2.45 billion of its debt maturities. The company will issue $1.2 billion in new secured term loans and $414 million in exchangeable notes. Additionally, there is potential to reduce debt by $464 million through equity conversion.
July 22, 2024 | 5:49 pm
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AMC Entertainment Holdings, Inc. is undertaking significant refinancing efforts to manage its debt. The company plans to extend up to $2.45 billion of debt maturities by issuing $1.2 billion in new secured term loans and $414 million in exchangeable notes. This move also includes a potential debt reduction of $464 million through equity conversion.
The refinancing transactions are likely to improve AMC's financial stability by extending debt maturities and potentially reducing overall debt. This could positively impact investor sentiment and the stock price in the short term.
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