AMC Entertainment Holdings extends up to $2.45B of debt maturities to 2029+ through restructuring agreement with creditors.

AMC Entertainment Holdings, the world's largest movie theater chain, has announced a restructuring agreement with creditors, extending up to $2.45 billion of debt maturities from 2026 to 2029 and beyond. The deal involves swapping $1.2 billion of term loans due 2026 for new loans due three years later and undertaking a similar swap with $500 million of junior notes. This will allow AMC to delay repayment of more than $1.6 billion of debt, providing the company with significant financial runway.

July 22, 2024
16 Articles