AMC Entertainment Said Between August 5, 2024 And September 30, 2024, The Company Entered Into A Series Of Privately Negotiated Agreements To Extinguish Unsecured Debt In An Aggregate Principal Amount Of $152,923,002
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment has entered into privately negotiated agreements to extinguish $152.9 million in unsecured debt between August 5, 2024, and September 30, 2024.
September 30, 2024 | 11:44 am
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AMC Entertainment has successfully reduced its unsecured debt by $152.9 million through privately negotiated agreements, potentially improving its financial stability.
The reduction of $152.9 million in unsecured debt is a significant financial move for AMC, likely to improve its balance sheet and reduce interest expenses. This could positively impact investor sentiment and the stock price in the short term.
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