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2022-12-08

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AMC Entertainment Drops 10% Amid Report of Lenders Organizing on Liquidity Concerns

$AMC Entertainment$ fell 10% amid a report that the theater chain's lenders have begun to organize as the company continues to burn through cash.First lien lenders and second lien lenders are working with separate restructuring advisors, according to a Reorg report from earlier Wednesday, which cited sources.AMC didn't immediately respond to Reorg and Seeking Alpha request for comment.The report comes after AMC shares have plunged 63% this year and have dropped more than 80% from their all-time

AMC Entertainment Drops 10% Amid Report of Lenders Organizing on Liquidity Concerns

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