AMC Leisure Holdings unveiled Tuesday that it has entered a “Transaction Assist Settlement” with key creditor teams, debt holders and sure lenders to provide it extra monetary flexibility, resolve key litigation and permit it to deal with field workplace upside.
“The settlement displays sturdy creditor assist for AMC’s long-term restoration and features a complete bundle of transactions designed to strengthen the Firm’s steadiness sheet and resolve excellent litigation,” the agency mentioned.
Highlights of the settlement embrace: “roughly $223.3 million of recent cash financing that shall be used to refinance debt maturing in 2026 and supply incremental liquidity, the instant conversion of not less than $143.0 million of … Senior Secured Exchangeable Notes due 2030, with the potential to equitize as much as a complete of $337 million …; full decision of litigation with sure holders of AMC’s 7.5% Senior Secured Notes due 2029.”
AMC chairman and CEO Adam Aron mentioned that “this Transaction Assist Settlement is yet one more essential and strategic transfer, as AMC continues to fortify our monetary footing, and enhance the trajectory of our post-pandemic restoration.”
He additionally touted box-office developments and outlook. “We proceed to make optimistic advances, at a time once we are also using the highly effective wave of a lately resurgent industry-wide field workplace that commenced in April of this yr,” he mentioned. “The home field workplace within the second quarter of 2025 is up impressively in comparison with the identical interval final yr, and our full-year {industry} projections level to the strongest field workplace efficiency in 5 years. We additional anticipate extra enchancment within the home {industry} field workplace subsequent yr too, such that in our view, 2026 additionally will present continued progress and momentum. That’s a rare backdrop for AMC’s ongoing restoration efforts.”