NetworkNewsBreaks – AMC Entertainment Holdings, Inc. (NYSE: AMC) Closes $200 Million Registered Direct Offering
AMC (NYSE: AMC) announced the closing of its previously announced registered direct offering of 95.25 million shares of common stock, generating approximately $200 million in gross proceeds before fees and expenses. The company said it intends to use the proceeds primarily to redeem all $125.47 million of its 6.125% Senior Subordinated Notes due 2027, eliminating any anticipated material debt principal repayments before 2029. The company said the remaining proceeds will support general corporate purposes, strengthen its cash reserves and fund targeted investments in seating upgrades and premium screens at selected higher-grossing theaters. AMC said the debt repayment is expected to reduce annual cash interest expense by approximately $7.7 million…







