AMC Stock Alert: AMC to Issue 23 Million Shares to Pay Off Debt

May 15, 2024 · AMC Entertainment disclosed plans to issue 23.28 million shares in exchange for notes due in 2026.; The company’s corporate borrowings totaled $4.518 billion as of March 31. …

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AMC Stock Alert: AMC To Issue 23 Million Shares To Pay Off Debt

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May 15, 2024 · AMC Entertainment disclosed plans to issue 23.28 million shares in exchange for notes due in 2026.; The company’s corporate borrowings totaled $4.518 billion as of March 31. …

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AMC's Stock Tumbles On News Company Will Issue 23.3 Million Of …

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May 15, 2024 · AMC Entertainment Holdings Inc.'s stock tumbled 22% Wednesday to brake the rally of the past two days, after the cinema operator disclosed that it will issue 23.3 million …

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AMC Stock Alert: AMC To Issue 23 Million Shares To Pay Off Debt

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May 15, 2024 · AMC Stock: AMC to Issue 23 Million Shares to Pay Off Debt. The news comes just two days after AMC revealed that it had completed its $250 million at-the-market (ATM) …

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AMC Seizes On Meme Stock Moves To Cut $221 Milllion Of Debt

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May 15, 2024 · The movie theater chain said in a regulatory filing that it reached a private deal to swap about US$164 million ($221 million) of its 10 per cent notes due 2026 for 23.3 million …

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AMC Reaches Agreement To Reduce Debt By At Least $460 Million …

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Additionally, AMC’s Senior Subordinated Noteholders have agreed to invest $200 million in new AMC first lien notes, backstopped by some entities in the Ad Hoc Group. Those providing this …

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AMC Looks To Pay Down Debt With Several Exchange Agreements

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Jan 3, 2024 · These agreements will see AMC issue 3.25 million shares in exchange for $22.5 million of aggregate principal amount in its 2026 10%/12% Cash/payment-in-kind (PIK) toggle …

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AMC Bonds Holding Most Of Their Gains After Last Week's Debt-for …

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May 21, 2024 · Last week, the movie-theater chain (AMC) said it would issue 23.3 million shares in exchange for $163.9 million in bonds, in a debt-for-equity swap. The bonds mature in 2026, …

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AMC Seizes On Meme Stock Moves To Cut $164 Million Of Debt (2)

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May 15, 2024 · AMC Entertainment Holdings is taking advantage of its meme stock rally to reduce its debt, revisiting a playbook that helped it shore up liquidity in 2021.. The movie theater chain …

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AMC Stock: AMC Just Cut $62 Million Of Debt Off Its Balance Sheet

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Dec 12, 2023 · The company also exchanged $12.275 million in principal amount of its 2026 10% second lien notes for 1.6 million shares of AMC stock with an implied per share value of $8.19. …

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AMC's Stock Climbs On Debt-restructuring Deal - Morningstar

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Jul 22, 2024 · Additionally, AMC has arranged for the potential issuance of up to an additional $50 million of exchangeable notes in order to repurchase additional outstanding debt due in 2025, …

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AMC’s Stock Rises As Movie-theater Chain Shaves Almost $153 …

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AMC’s stock was up 2.3% on Monday afternoon, compared with the S&P 500 index’s decline of 0.01%. In July, AMC conducted a major debt restructuring, which extended up to $2.45 billion …

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AMC’s Stock Rises As Movie-theater Chain Shaves Almost $153 …

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Sep 30, 2024 · AMC Entertainment Holdings Inc. has shaved almost $153 million off of its debt load, the movie-theater chain and original meme stock revealed in a filing Monday.

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AMC Stock Alert: 8 Things To Know About AMC’s New $950M …

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Feb 3, 2022 · The proceeds will be used to pay off an earlier, higher-interest bond offering. ... AMC Stock Alert: 8 Things to Know About AMC’s New $950M Debt Deal ... AMC issued $500 …

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AMC's Stock Rises As Movie-theater Chain Shaves Almost $153 …

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Sep 30, 2024 · AMC's stock was up 2.3% on Monday afternoon, compared with the S&P 500 index's SPX decline of 0.01%. In July, AMC conducted a major debt restructuring, which …

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AMC Is Gaining Market Share, But Debt Sparks Analyst Concern

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May 9, 2024 · Benchmark analyst Hickey noted that AMC successfully reduced its debt principal by $17.5 million through the exchange of debt for 2.5 million shares of Class A common stock …

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FAQs about AMC Stock Alert: AMC to Issue 23 Million Shares to Pay Off Debt Coupon?

How has AMC diluted its shareholders?

While AMC has strengthened its balance sheet, the company has also further diluted its shareholders through the ATM offering and the debt for equity exchange. According to MacroTrends, there were 105 million shares outstanding as of Dec. 31, 2022. As of Sept. 30, that number has increased by 55% to about 163 million. ...

Why did AMC stock tumble 22% Wednesday?

AMC Chairman and CEO Adam Aron at a panel event. AMC Entertainment Holdings Inc.’s stock tumbled 22% Wednesday to brake the rally of the past two days, after the cinema operator disclosed that it will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of bonds that mature in 2026. ...

How does AMC reduce its debt?

Once closed, through a bond exchange offer and other agreements, AMC will reduce its debt by between approximately $460 million and $630 million. AMC raises $300 million in additional cash from incremental first lien financing, prior to transaction costs, premiums payable and original issue discount. ...

What is AMC's debt swap?

The debt swap comes a day after AMC disclosed that it had completed an at-the-market offering of $250 million of equity capital on Monday via the sale of 72.5 million shares at an average price of $3.45 per share. That ATM offering had originally been announced on March 28. ...

What happened to AMC Entertainment (AMC)?

AMC Entertainment ( AMC) has repurchased or exchanged debt for equity to the tune of $62.28 million. The company also successfully completed its $350 million at-the-market offering. AMC stock is down by nearly 80% this year. ...

Why is AMC stock down 2% This Morning?

AMC stock is down about 2% this morning. “Thus far in 2023, AMC has raised $865 million of gross equity capital and lowered liabilities by approximately $440 million by reducing our corporate borrowings by approximately $350 million and repaying more than $90 million of COVID-19 related deferred rent liabilities,” said CEO Adam Aron. ...