AMC extends covenant suspension period under credit agreement to March 31, 2024

AMC ENTERTAINMENT HOLDINGS, INC.

Twelfth Amendment extends Covenant Suspension Period by one year to March 31, 2024, from prior fixed termination date.
During suspension, AMC cannot make restricted payments, incur certain senior debt, or invest in non-Loan Party subsidiaries.
Conditions include minimum liquidity test, anti-cash hoarding test while loans outstanding, and enhanced reporting.
Amendment effective January 25, 2023; required revolving lenders consenting include Citibank, Credit Suisse, Goldman Sachs.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMC ENTERTAINMENT HOLDINGS, INC. amended Twelfth Amendment to Credit Agreement with lenders party thereto and Wilmington Savings Fund Society, FSB, as administrative agent valued at Amendment extends fixed date for termination of Covenant Suspension Period by one additional year to (effective 2023-01-25).

Action: amendment
Agreement: credit facility
Counterparty: lenders party thereto and Wilmington Savings Fund Society, FSB, as administrative agent
Value: Amendment extends fixed date for termination of Covenant Suspension Period by one additional year to
Effective: 2023-01-25

Exact text from the filing

On January 25, 2023, AMC Entertainment Holdings, Inc. (the “ Company ”) entered into an amendment (the “ Twelfth Amendment ”) to the Credit Agreement (as defined below).

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Source: SEC EDGAR

accession 0001104659-23-006548

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