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Cinema Chain AMC Inks Financing Deal to Help It Survive Pandemic - The Wall Street Journal

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AMC Entertainment Holdings Inc. has reached a deal with investors who will pump $300 million of new money into the company, as the nation’s largest theater chain looks to restart its business and fill seats with moviegoers still wary of the coronavirus pandemic.

Under the terms of the deal, AMC’s junior bondholders, who are owed $1.6 billion, will swap their debt at a discount—about 73 cents on the dollar—for new debt. Some of those investors will lend AMC $200 million, the company said in a regulatory filing Friday.

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July 11, 2020 at 06:11AM
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Cinema Chain AMC Inks Financing Deal to Help It Survive Pandemic - The Wall Street Journal
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