AMC Entertainment Holdings Plans Up to $1.5 Billion Investment in US, Europe Theaters

MT Newswires Live11-08

AMC Entertainment Holdings (AMC) said late Thursday it plans to invest $1 billion to $1.5 billion in the next four to seven years to improve its theater locations in the US and Europe.

The investment strategy, named "AMC's Go Plan," will cover the expansion of the company's premium large format, extra-large format, and laser auditoriums. AMC said it will also invest in renovations and seating upgrades, among others.

The investment plan's timing and extent will be based on the trajectory of box office recovery along with the company's liquidity, leverage ratios, and available capital, it said.

Price: 4.3200, Change: +0.02, Percent Change: +0.47

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