AMC stock rises toward a 4th-straight gain after $500 million private debt offering

Dow Jones2022-02-02

Shares of AMC Entertainment Holdings Inc. $(AMC)$ rose 1.1% in premarket trading Wednesday toward a fourth-straight gain, after the movie theater operator announced a private offering of $500 million of debt due 2029. The first lien senior secured notes are being offered for sale "only to persons reasonably believed to be qualified institutional buyers." The company plans to use the proceeds to redeem its $500 million, 10.50% senior secured first lien notes due 2025. AMC's stock has run up 16.1% amid a three-day win streak through Tuesday, which snapped an 11-day losing streak in which the stock fell 36.3%. The stock has soared 115.6% over the past 12 months while the S&P 500 has gained 20.5%.

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Comments

  • ARIESan
    2022-02-03
    ARIESan
    Cool 
  • Jess261
    2022-02-03
    Jess261
    Oh
  • koolgal
    2022-02-03
    koolgal
    AMC still is very well supported by its investors affectionately called the Apes! To the moon! 🚀🚀🚀🌙🌙🌙
  • lightlifer
    2022-02-03
    lightlifer
    [Comfort] 
  • Kclchua989
    2022-02-03
    Kclchua989
    Ok
  • Taijilynn
    2022-02-02
    Taijilynn
    Interesting 
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