debt
confidence high
sentiment neutral
materiality 0.85
AMC refinances with $2B 1L notes, $1.12B 2L term loan; launches tender for 2029 notes
AMC ENTERTAINMENT HOLDINGS, INC.
- Offers $2,000M 1L notes due 2031; new $850M 1L term loan; $1,120M 2L term loan at 11.25% fixed, 7-yr maturity.
- Tender offer for $359.96M 7.5% senior secured notes due 2029 at $1,009.70 per $1,000; expires Sep 30, 2026; settlement ~Oct 5, 2026.
- Proceeds fund redemption of Muvico $903.4M 1.5L notes, repayment of existing term loans, and redemption of untendered 2029 notes by Feb 15, 2027.
- Preliminary Aug-2026 results: revenue $1,334.8M +42.2% YoY; attendance 58.2M +35.9%; cash $832.5M excl. restricted $40.9M.