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AMC Entertainment Raises Fresh Cash To Shore Up Balance Sheet Amid Resurgent Box Office
AMC Entertainment is raising cash in a new relief package with debt holders that will reduce its leverage and take out near-term maturities.
The biggest chain in the U.S. and globally entered Covid with a hefty debt load that was a stinging liability given the need to finance it even as theaters shut down and the box office slumped. “Thanks to constructive engagement with our lenders, we’ve achieved a smart outcome that meaningfully strengthens AMC’s balance sheet,” Aron said. “We continue to make positive advances, at a time when we also are riding the powerful wave of a recently resurgent industry-wide box office,” Aron said.
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