AMC Entertainment (US.AMC) Refinances Pricey Pandemic Debt - 03 februarie 2022

AMC Entertainment Holdings Inc. struck a deal to refinance expensive debt it took on in the early days of the pandemic, as it vies to revive the investor enthusiasm that made the company a centerpiece of the meme-stock phenomenon. On Wednesday, AMC received investor commitments for a new $950 million bond deal and will use the proceeds to pay off higher-interest debt borrowed in April 2020 as an emergency measure after closing the company’s nearly 1,000 theaters world-wide, people familiar with the matter said.