AMC Entertainment (AMC) Holdings announced that as part of the comprehensive refinancing transactions completed earlier this year, AMC reduced the principal amount of its Senior Secured Exchangeable Notes due 2030 by an additional $39.9 million with no additional AMC common shares issued or cash used. This additional $39.9M debt reduction represents the maximum post-closing adjustment under the July 2025 transaction. Adam Aron, Chairman and CEO of AMC, commented, “This debt reduction of nearly $40M, on top of the $143M of debt equitized earlier this year, highlights our success to date in strengthening the balance sheet to position AMC to prosper as the box office continues along its recovery trajectory. The ability to eliminate additional debt, based on AMC’s share price, was built into our consensual agreement with creditors in July and as a result no additional cash or additional shares were issued.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMC:
- Unusually active option classes on open September 22nd
- Taylor Swift Partners with AMC to Celebrate 12th Studio Album
- AMC Entertainment to show Taylor Swift album release movie
- AMC to release Taylor Swift’s ‘Life Of A Showgirl’ movie, Deadline says
- Taylor Swift plans return to movie theaters, Hollywood Reporter says