Monday, December 3, 2012

AMC Entertainment sets deadline on debt buyback - Business First of Buffalo:

olimstgon.blogspot.com
In a filing with the Securities and Exchange theKansas City-based movie theatere company said that holders of $238.1 million of the note s had agreed to proposed amendmente in AMC’s offer. The proposed amendments will eliminatew almost all the restrictive covenants on the AMC a previously announced private offerinbto $600 million in seniot notes due in 2019 and that it expectee net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’sw outstanding $250 million in senior notes due in and for other general corporate purposes. On May 22, AMC , comparee with a $43.4 million profitg the prior year. Revenue for the year that endef April 2was $2.
27 billion, down 2.9 percenf from $2.33 billion the prior AMC owns interests in 307 theaters with 4,612 screens in five The company is privately held but required to reportf to the SEC because some of its debt is publicly held.

No comments:

Post a Comment