Sep. 22 at 12:01 PM
$AMC Another BIG development following yesterday's ~
$3.97B refinancing announcement:
Moody's just upgraded AMC TWO NOTCHES from Caa2 → B3 and changed its outlook from Stable → POSITIVE.
It also upgraded AMC's liquidity rating from SGL-4 → SGL-3.
Let's keep it grounded: B3 is still speculative-grade debt. AMC isn't suddenly debt-free or low-risk.
But look at the direction:
• Record Q2 revenue & EBITDA
• Positive free cash flow
• Cash now ~
$832.5M
• July/Aug revenue +42.2% YoY
• Attendance +35.9%
• Major 2029 debt wall being pushed out
• S&P upgraded AMC earlier
• Now Moody's upgrades AMC TWO notches with a POSITIVE outlook
And the refinancing itself creates NO new shares.
The bankruptcy/debt clock has been one of the strongest AMC bear arguments for years.
AMC keeps chipping away at it.
The business is changing. The credit agencies are noticing.
NFA
