AMC Entertainment Holdings Inc(NYSE:AMC) shares were halted Monday afternoon following a report indicating the company plans to restructure its debt load. AMC formally announced the plans shortly after.

What Happened: AMC shares began perking up after Bloomberg reported that AMC reached an agreement with creditors that included a restructuring of its debt and an asset shift involving its U.S. theaters. People with knowledge of the plans reportedly said AMC will move its U.S. theaters into a different unit of the company to allow it to exchange its existing debt for new obligations backed by those theater...