AMC Entertainment spilled some preliminary Q4 results ahead of the official release date on Feb. 24 and the debt heavy theater chain announced a pact with some senior secured note holders offering flexibility to refinance its existing term loan credit agreement and extend maturities – giving it some more breathing room.
Revenues for the three months ended December 31 dipped to $1.29 billion from $1.3 billion from the year earlier. Adjusted losses narrowed to about $127.4 million from $135.6 million.
Adjusted ebidta (earnings before interest, taxes, depreciation and amortization, a kind of profit) was $134.1 million vs $164.8 million. Cash and cash equivalents were $428.5 million at year end, excluding restricted cash of…