AMC rises after completing $3.97 billion debt refinancing

AMC Entertainment Holdings

06/10/2026 14:46

** Movie exhibition company AMC Entertainment AMC.N shares climb 3.5% to $2.89 
** AMC completes a $3.97-billion refinancing covering about 97% of its debt
** Transaction extends almost all debt maturities to October 2031 and October 2033 and reduces its cost of capital
**Co repays existing term loans and refinances debt due in 2029, simplifying its capital structure 
** AMC's new loan structure includes $2 billion of first lien notes due in 2031, $850 million first lien term loans, and $1.12 billion in second lien loans provided by Deutsche Bank Special Situations Group
** Proceeds to be used for paying back several maturities dated 2029 and 2027 along with loans to subsidiary Odeon Finco 
** AMC has reported annual net losses consecutively since 2018, contributing to its heavy debt burden and financing costs 
**As of last close AMC up 83.65% YTD

 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))