Financing ·
AMC raises $2 billion via first lien notes due 2031 and launches $850 million term loan facility
AMCAmc Entertainment Holdings, Inc.
AMC Entertainment Holdings announced a private offering of $2 billion in first lien notes due 2031 and launched syndication for an $850 million first lien term loan facility. The company also entered into a commitment letter for a new $1,120 million second lien term loan facility with Deutsche Bank AG New York Branch at a fixed interest rate of 11.25% per annum. Proceeds will fund a cash tender offer for its outstanding 7.500% Senior Secured Notes due 2029 ($359,964,500 principal) at $1,009.70 per $1,000 of notes, with settlement expected October 5, 2026. The company intends to redeem any untendered notes on February 15, 2027, and fully redeem Muvico’s Senior Secured Notes due 2029 ($903.4 million principal). Additionally, proceeds will repay existing term loan facilities for the Company and Odeon Finco PLC. AMC Entertainment Holdings operates in the movie exhibition industry.