AMC to Offer 50 Million Shares Through Goldman Sachs

Dow Jones12-06

By Dean Seal

AMC Entertainment Holdings has agreed to offer up to 50 million shares of stock with Goldman Sachs acting as its sales agent.

The movie-theater chain said Friday morning that the sales may happen at any time in this "at-the-market" offering.

AMC said proceeds from the sales would be used to strengthen its balance sheet and reinvest in its core business "to elevate and differentiate the movie-going experience under the AMC GO Plan."

Shares were down 7% at $4.83 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

December 06, 2024 08:52 ET (13:52 GMT)

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