BUZZ-AMC shares rise after completing $3.97 billion debt refinancing
路透社2026/10/06 13:56On October 6, cinema chain AMC Entertainment (AMC.N) shares rose 3.5% to $2.89. AMC completed a $3.97 billions refinancing, covering about 97% of its debt. The transaction extends the maturity dates of nearly all its debt to October 2031 and October 2033, and reduces its capital costs. The company repaid its existing term loans and refinanced debt maturing in 2029, thereby simplifying its capital structure. AMC’s new loan structure includes $2 billions of first-lien notes maturing in 2031, $850 millions of first-lien term loans, and $1.12 billions of second-lien loans from the Deutsche Bank’s Special Situations Group. Proceeds from the deal will be used to repay several debts maturing in 2029 and 2027, as well as to provide loans to its subsidiary Odeon Finco. AMC has reported annual net losses every year since 2018, which has compounded its heavy debt burden and financing costs. As of the last trading day’s close, AMC shares have increased 83.65% so far this year.
October 6 - ** Cinema chain company AMC Entertainment (AMC.N) shares rose 3.5% to $2.89
** AMC completed a $3.97 billion refinancing, covering around 97% of its debt
** The transaction extended the maturity of almost all its debt to October 2031 and October 2033, and lowered its cost of capital
** The company repaid its existing term loan and refinanced debt due in 2029, streamlining its capital structure
** AMC’s new loan structure includes $2 billion of first-lien notes due 2031, an $850 million first-lien term loan, and a $1.12 billion second-lien loan provided by Deutsche Bank's Special Situations Group
** The proceeds will be used to repay multiple debts due in 2029 and 2027, as well as loans provided to subsidiary Odeon Finco
** AMC has reported annual net losses since 2018, which has increased its heavy debt burden and financing costs
** As of last session’s close, AMC had risen 83.65% so far this year
(To assist non-native English speakers, Reuters has automatically translated its report into several other languages. Automated translation may contain errors or lack context, and Reuters does not guarantee the accuracy of automated translation. The automated translation is provided for readers’ convenience only, and Reuters is not liable for any damages or losses resulting from use of this automated translation function.)
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