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AMC Entertainment Nears Debt Deal That Would Ensure Solvency Into Early Next Year
EXCLUSIVE: The nation's largest theater chain AMC Entertainment is finalizing a deal with bondholders that would slash debt by up to $600 million, bring in $200 million in fresh cash and give it a lifeline into 2021, Deadline has learned.
A $500 million bond sale in April as the coronavirus kicked the nation's economy…
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AMC Entertainment Shares Before Market Open As Chain Said To Near Debt Restructuring Deal
Cash-strapped AMC Entertainment saw its stock surge in premarket trade as the nation's largest exhibitor is said to be closing in on a debt restructuring that will provide a cash cushion as its theaters remain shuttered.
The shares were up 10.4% at $4.56 premarket but surrendered some gains when trading opened are up…
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