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AMC Entertainment | 424B7: Prospectus

SEC announcement ·  Jul 23 02:32
Summary by Futu AI
AMC Entertainment Holdings, Inc. has announced the issuance of $414,433,523 aggregate principal amount of 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030. The transaction, completed on July 22, 2024, involved the company, Muvico, LLC, and certain wholly-owned subsidiaries. The Exchangeable Notes were issued to selling stockholders identified in the prospectus supplement, who were granted rights to purchase up to $50,000,000 additional notes. The prospectus supplement also pertains to the potential sale of 128,817,328 shares of Class A common stock, assuming full conversion of the Exchangeable Notes and Additional Notes, including the issuance of PIK Notes. The Class A common stock may be sold by the selling stockholders in various ways, with no guarantee that the Issuer will elect to issue PIK Notes. The market price and trading volume of AMC's Class A common stock have experienced extreme fluctuations in 2024, with significant retail investor interest noted.
AMC Entertainment Holdings, Inc. has announced the issuance of $414,433,523 aggregate principal amount of 6.00%/8.00% Cash/PIK Toggle Senior Secured Exchangeable Notes due 2030. The transaction, completed on July 22, 2024, involved the company, Muvico, LLC, and certain wholly-owned subsidiaries. The Exchangeable Notes were issued to selling stockholders identified in the prospectus supplement, who were granted rights to purchase up to $50,000,000 additional notes. The prospectus supplement also pertains to the potential sale of 128,817,328 shares of Class A common stock, assuming full conversion of the Exchangeable Notes and Additional Notes, including the issuance of PIK Notes. The Class A common stock may be sold by the selling stockholders in various ways, with no guarantee that the Issuer will elect to issue PIK Notes. The market price and trading volume of AMC's Class A common stock have experienced extreme fluctuations in 2024, with significant retail investor interest noted.

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