debt
confidence high
sentiment neutral
materiality 0.75
AMC prices $2.0B 8.875% first lien notes and $850M term loans for refinancing
AMC ENTERTAINMENT HOLDINGS, INC.
- Priced $2.0B aggregate 8.875% first lien notes due 2031; also priced $850M first lien term loans at SOFR+4.50% with 1.50% OID.
- Combined with $1.12B second lien term loans (Deutsche Bank), total new debt ~$3.97B; closing expected on or about Oct 5, 2026.
- Proceeds to fund tender for AMC 7.5% Senior Secured Notes due 2029, redeem $903.4M Muvico 1.5L Notes, repay existing AMC and Odeon Finco term loans.
- Transactions conditioned on aggregate gross proceeds of at least $3,970 million from new debt financings.
- Notes and term loans guaranteed by subsidiaries including Muvico, Odeon Cinemas Group Limited, and their subsidiaries.