Connect with us
  • tg

Stock Markets

Theater chain AMC reaches new refinancing deal

letizo News

Published

on

(Reuters) -AMC Entertainment Holdings said on Monday it had reached an agreement with creditors that extends up to $2.45 billion of debt maturities from 2026 to 2029 and beyond.

© Reuters. FILE PHOTO: People walk by an AMC theatre in Burbank, California, U.S., October 12, 2023. REUTERS/Mario Anzuoni/File Photo

Under the terms of the deal, AMC will issue $1.2 billion of new secured term loans due 2029 in consideration for an open market purchase of senior secured term loans due 2026.

AMC and its units will also issue about $414 million of exchangeable notes for cash, with proceeds used to repurchase roughly $414 million of second-lien notes.

Stock Markets

CPKC President and CEO Keith Creel to address 2025 Wolfe Research Global Transportation & Industrials Conference

letizo News

Published

on

Continue Reading

Stock Markets

Fed leaves rates unchanged amid tariff-induced uncertainty

letizo News

Published

on

Continue Reading

Stock Markets

Fed holds rates steady, cites rising risk of higher inflation and unemployment

letizo News

Published

on

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved