AMC Entertainment Holdings, Inc. exercises option to repurchase a portion of its senior debt


LEAWOOD, Kan .– (COMMERCIAL THREAD) – AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), today announced that it has exercised a $ 35 million repurchase option on its 15% cash / 17% Payment in Kind (“PIK”) Toggle First Lien Secured Notes due 2026. The total cost to exercise this call option was $ 41.3 million, including principal and accrued and unpaid interest. As a result of this debt reduction, AMC’s annual interest expense has been reduced by $ 5.25 million.

“Buying off some of our costliest debt is one of the many steps we are taking to optimally position AMC for the future,” said Adam Aron, President and CEO of AMC. “In addition to reducing our interest-bearing debt, we are also using our improved liquidity and improved business fundamentals to significantly reduce deferred rent obligations. At the same time, we continue to take steps to improve our operating results and capitalize on opportunities to grow and improve our business. ”

Aron concluded: “At AMC, our recent innovations include the delivery of alternative content in our theaters, such as exclusive music experiences and WWE and UFC programs; our commitment to accept cryptocurrency starting with Bitcoin, Ethereum, Litecoin and Bitcoin Cash before the end of the year, as well as exploring the possibility of accepting Dogecoin; and our unprecedented national multimedia marketing campaign featuring Oscar winner Nicole Kidman. All of this comes at a time when we think the roster of upcoming films is incredibly exciting and the studios seem to be re-engaging in an exclusive theatrical window right now. ”

About AMC Entertainment Holdings, Inc.

AMC is the largest film exhibition company in the United States, the largest in Europe and the largest in the world with approximately 950 theaters and 10,500 screens worldwide. AMC has propelled innovation in the exhibition sector by: deploying its Signature power reclining seats; provide improved food and drink choices; generate greater customer engagement through its loyalty and subscription programs, website and mobile apps; offering premium wide-format experiences and showing a wide variety of content, including the latest Hollywood releases and independent programming. For more information visit

Website Information

This press release, along with other information about AMC, is available at We regularly post information that may be important to investors in the Investor Relations section of our website, We use this website as a means of disclosing material, non-public information and to comply with our disclosure obligations under FD regulation, and we encourage investors to periodically review this section of our website for information. important on AMC. Information contained on or accessible from our website is not incorporated by reference into and does not form part of this document. Investors interested in automatically receiving news and information when published on our website can also visit to sign up for email alerts.

Category: Company press release


About Author

Leave A Reply