AMC Preferred Equity (APE) Dropped Over 8% in Morning Trading

Tiger Newspress2022-12-28

AMC Preferred Equity (APE) dropped over 8% in morning trading. AMC Entertainment Holdings said last Thursday it would raise $110 million in new equity capital through the sale of its preferred stock.

Antara Capital will buy APE at an average price of 66 cents per share.

Antara, a current AMC debt holder, will also exchange $100 million in debt for about 91 million APE units, which would reduce AMC's annual interest expense by about $10 million.

AMC in August announced APE as a special dividend for shareholders and a means to raise capital in the future. The company in the same month listed the stock in New York under the ticker 'APE'.

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WilliamFish
2022-12-29
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The company in the same month listed the stock in New York under the ticker &#39;APE&#39;.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175309143","content_text":"AMC Preferred Equity (APE) dropped over 8% in morning trading. AMC Entertainment Holdings said last Thursday it would raise $110 million in new equity capital through the sale of its preferred stock.Antara Capital will buy APE at an average price of 66 cents per share.Antara, a current AMC debt holder, will also exchange $100 million in debt for about 91 million APE units, which would reduce AMC's annual interest expense by about $10 million.AMC in August announced APE as a special dividend for shareholders and a means to raise capital in the future. 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