AMC Entertainment Announces Another Stock Sale, and Shares Tumble

Investopedia12-07

Key Takeaways AMC Entertainment announced it would have another stock sale, offering 50 million shares through Goldman Sachs.The theater chain operator said it would use the money to pay off debt and ...

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AMC said it would use the proceeds to repay, redeem, or refinance its existing debt, and to invest in its core business to update theaters, including \"an increase in the number of branded premium large format screens.\". Do you have a news tip for Investopedia reporters?","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4516":"特朗普概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4108":"电影和娱乐","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4585":"ETF&股票定投概念","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK7063":"纸材料包装","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4588":"碎股","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4550":"红杉资本持仓","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4552":"Archegos爆仓风波概念","AMC.AU":"AMCOR PLC-CDI","LU0106831901.USD":"贝莱德世界金融基金A2","BK4547":"WSB热门概念","AMC":"AMC院线","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4504":"桥水持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC"},"translate_title":"AMC院线宣布再次出售股票，股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC.AU":1,"AMC":1},"content_text":"Key Takeaways\nAMC Entertainment announced it would have another stock sale, offering 50 million shares through Goldman Sachs.The theater chain operator said it would use the money to pay off debt and upgrade its locations.It was the latest in a series of steps the meme stock favorite has taken recently to boost its finances.\n AMC Entertainment (AMC) shares sank nearly 10% Friday when the struggling theater chain operator announced another stock sale to raise needed cash.\n\n\n The company wrote in a regulatory filing that it would be offering up to 50 million shares through sales agent Goldman Sachs (GS), which it will issue or sell \"at any time and from time to time.\"\n\n\n AMC said it would use the proceeds to repay, redeem, or refinance its existing debt, and to invest in its core business to update theaters, including \"an increase in the number of branded premium large format screens.\"\n\n\n The company, which became one of the favorites of the meme stock craze of early 2021, has taken several steps to shore up its financial position in the recent past. Among them, several stock sales and debt-for-equity swaps, along with a 1-for-10 reverse stock split in the summer of 2023 after converting AMC Preferred Equity units into common shares. \n\n\n Shares of AMC Entertainment soared yesterday along with other meme stocks when a hero of the movement, \"Roaring Kitty\" (a.k.a. Keith Gill), posted another cryptic picture on X, the first time he has been on the social media site since September. With today's selloff, the shares have lost nearly a quarter of their value this year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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