AMC raise $1,042,743 million cash.
New 8-K filing for $AMC in after-hours
Traded some shares & cash for debt #AMC
Between November 8, 2024 and November 12, 2024, the Company entered into a series of privately negotiated agreements to extinguish unsecured debt in an aggregate principal amount of $24,225,000 of 5.75% subordinated notes due 2025, plus accrued interest on such debt, which the Company repurchased and/or exchanged for aggregate consideration of 5,790,854 shares of the Company’s Class A common stock, par value $0.01 per share, and $1,042,743 of cash.
The Company may engage in similar transactions in the future but is under no obligation to do so.
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