AMC Entertainment Says It Will Try to Refinance High-Interest Debt
03 Janeiro 2022 - 11:40AM
Dow Jones News
By Will Feuer
AMC Entertainment Holdings Inc. CEO Adam Aron said Monday that
he wants to refinance some of the company's expensive debt to
reduce its interest exposure, push out some debt maturities by
several years and loosen covenants.
"In 2020 and early 2021, AMC took on debt at high interest rates
to survive," Aron said on his Twitter account, which was disclosed
by the company in a filing with the U.S. Securities and Exchange
Commission.
"There is no guarantee of success, but we will try very hard to
get this done. We are always thinking of creative ways to make
AMC's future more secure," he added.
Shares in AMC were 1.2% higher in premarket trading on
Monday.
Even before the Covid-19 pandemic shuttered movie theaters
around the world, AMC had a significant debt load following a
string of acquisitions.
Last year, the company's stock was boosted by so-called
meme-stock traders who piled into shares of GameStop Corp. and
other popular targets.
Under Mr. Aron's guidance, AMC has used the opportunity to raise
funds by selling more shares, slashing its debt load.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 03, 2022 09:25 ET (14:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
AMC Entertainment (NYSE:AMC)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
AMC Entertainment (NYSE:AMC)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024