AMC to Restructure Debt Load The use of Theaters to Toughen Deal – The Gentleman Report | World | Business | Science | Technology | Health
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AMC to Restructure Debt Load The use of Theaters to Toughen Deal

AMC to Restructure Debt Load The use of Theaters to Toughen Deal
July 22, 2024



AMC Leisure Holdings Inc. mentioned it reached a sweeping restructuring maintain collectors that may let it extend compensation of greater than $1.6 billion of debt for a number of years, purchasing it time to execute a turnaround.The arena’s biggest film theater chain reached an settlement that requires swapping $1.2 billion of time period loans due 2026 for brand new loans due 3 years later and endeavor a equivalent switch with $500 million of junior notes, consistent with an organization statementBloomberg Terminal. Exchangeable notes is also swapped for inventory, and a few further 2026 debt is also driven out to 2029.

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