Feb. 28 at 1:55 PM
$AMC
Banks agreed to allow AMC to push off
$2.48 BILLION in debt to 2031. 😂 👍
This refinancing for AMC by Adam Aron absolutely 💯% guarantees AMC's survival, with ZERO chance of bankruptcy, crushes the financial terrorists hopes of AMC collapsing. In addition, refinancing increases use of company cash by hundreds of millions of dollars. 👌 LFG!
This soon-to-happen deal will save AMC literally hundreds of millions of dollars!
AMC's total estimated annual interest savings:
$60-120M yearly, improving cash flow significantly over 2026-2031.
AMC's refinancing extends
$2.48B of debt to 2031 via
$1.73B first-lien notes and
$750M term loan, replacing
$400M Odeon notes of 12.75% due 2027 and
$2B term loan due 2029.
Much lower rates, as CFO Sean Goodman noted, will "reduce debt servicing costs" and simplify structure.
This lowers annual interest by tens of millions (e.g, saving
$30M from Odeon alone at prior 12.75%).
Over the next
5 years cash flow will be substantially boosted
