debt
confidence high
sentiment neutral
materiality 0.60
AMC exchanges $10M of 2026 notes for 1.72M common shares at $6.05 each
AMC ENTERTAINMENT HOLDINGS, INC.
- On May 15, 2024, AMC issued 1,723,780 shares of Class A common stock in exchange for $10M principal of its 10%/12% PIK Toggle Notes due 2026.
- Implied conversion price of $6.05 per share, including $422,222 accrued interest.
- Note exchange was exempt from registration under Section 3(a)(9) as an exchange with existing security holders.
- Transaction included in previously disclosed share count of 361,354,955 as of July 22, 2024.
- AMC may pursue similar exchanges in the future but is not obligated.