AMC Entertainment Holdings, parent of AMC Theatres, says it has reached agreement with some bondholders to allow another balance sheet refinancing to include new debt and guarantees by the mega cinema chain.
AMC Theatres said some lenders holding Muvico, LLC senior secured notes due 2029 have allowed the company flexibility to refinance its existing term loan credit agreement and the 12.75 percent Odeon senior secured notes due 2027. The agreement, following talks with some bondholders, will allow new debt to be secured and guarantees by AMC Theatres, and its Odeon and Muvico subsidiaries.
“Any such refinancing would be expected to extend the maturity of the refinanced debt and reduce the related interest…