Monday, August 4, 2025

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AMC Entertainment Upsizes Note Offering To $950 Million, Interest Pegged At 7.5%

Evidently there continues to be demand for the debt of AMC Entertainment (NYSE: AMC). After announcing yesterday a $500 million senior secured note offering, the firm last night announced that it would be upsizing the offering to a whopping $950 million.

The upsized offering will see the company able to offset more near-term debt in exchange for longer term debt. The initial offering was earmarked to pay for the redemption of $500.0 million in 10.50% senior secured notes due 2025.

Now, the company will be able to redeem that debt, as well as $300.0 million in two series of 10.50% senior secured notes due 2026, and a further $73.5 million of 15%/17% Cash/PIK first lien senior secured notes due in 2026. The remainder of the new notes is earmarked to pay fees, costs, premiums, and expenses related to these redemptions.

The new upsized notes are to be first lien senior secured notes due 2029. Most significantly, the debt bears interest at just 7.50%, a significant improvement over the current debt that is being redeemed by the company.

AMC Entertainment last traded at $15.42 on the NYSE.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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