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CEO Adam Aron On Billie Eilish Listening Event In Theaters Next Week & Renegotiating AMC Entertainment’s Hefty Debt
AMC Entertainment CEO Adam Aron touted the upcoming Billie Eilish listening event next week, and said renegotiating its hefty debt is a top priority.
On a conference call post-earning today, CEO Adam Aron addressed it publicly for the first time, assuring investors the giant theater chain has been working with lenders for almost a year to extend the maturities and he’s hopeful they will. “I can assure everyone listening to this call that the management of this company, which has been pretty smart in how we’ve navigated through the pandemic … is wholly focused on the debt maturities that are due in 2026. The company has indeed pulled out all the stops to survive Covid and its aftermath, some thrust on it like meme stock status, other just scrappy like creating, and then terminating, a new class of equity (APE), getting a court to allow it to sell shares over the objections of retail stockholders.
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