AMC secures Deutsche Bank backing for $3.97 billion debt refinancing plan
1 report, 1 independent
Updated Sep 21
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What happened
AMC Entertainment Holdings launched a refinancing initiative totaling roughly $3.97 billion. This plan includes a $1.12 billion second lien term loan facility, which was backed by a commitment letter from Deutsche Bank AG New York Branch. The announcement led to a rally in AMC stock, which rose 6.67% on Monday afternoon trading.
From aol.com
Why it matters
The refinancing package aims to push debt maturities further into the future, which could reduce the pressure to refinance debt in the near term. The commitment letter provides a crucial component of the overall debt structure, which includes first lien notes and term loans.
From aol.com