Jun. 20 at 12:53 AM
$AMC
The May 2026 Conversion: 2030 Exchangeable Notes
In May 2026, AMC officially wiped out the remaining balance of its Senior Secured Exchangeable Notes due 2030 (which were originally issued through its wholly owned subsidiary, Muvico, LLC) by swapping the debt entirely for Class A common stock.
The conversion happened in two quick waves:
The First Wave (May 5, 2026): Noteholders voluntarily handed over
$142.2 million in principal, which AMC settled by issuing 129.6 million shares of common stock.
**The Clean-Up (May 12, 2026): A week later, AMC wrapped up the remaining balance, swapping the final
$13.6 million in principal for 12.4 million shares.