Feb. 16 at 7:00 PM
$AMC Your debt figure is wrong. AMC’s corporate borrowings are still about
$4B (not
$3.5B), before you even talk about lease liabilities.
And the balance sheet improving narrative is backward when interest expense is going up, not down.
The acquisition/partnership news soon is pure fan fiction. And the 2029/2030 lease talk is just moving the goalposts. Even if some underperforming leases roll off later, that doesn’t fix today’s problem: the business is still unprofitable, cash burn + refinancing risk are near-term, and dilution is the bridge they keep using.