Apr. 21 at 1:01 AM
$AMC You were laying out
$2.5 billion refinancing figures, and supposed interest savings with certainty, and they were wildly wrong. AMC’s annual interest expense was still over
$530 million in 2025, and now you’re celebrating a tiny deal that barely moves the needle. On this Odeon refinancing, the principal actually went up from
$400 million of old notes to a new
$425 million term loan, so this was not deleveraging at all. It was just a maturity extension with a lower coupon on one piece of the stack. And on top of that, AMC had to dilute shareholders just to get creditor consent and financing flexibility for these transactions. AMC is nowhere near sustainably profitable, dilution risk has not gone anywhere, and like usual you were selling a fake story that never materialized.
