AMC Entertainment $AMC Entertainment(AMC)$
While AMC reserves the right to continue to explore the acquisition of the assets, there can be no assurance that any discussions with lenders will resume, AMC said in an 8-K filing. AMC (AMC) planned to finance the purchase through issuance by AMC of APEs and debt financing provided by the lenders of Cineworld.
Cineworld (OTCPK:CNNWQ) - the No. 2 global cinema chain that filed for bankruptcy in September - said earlier this month that it intends to emerge from protection intact, denying a report that it was considering selling off Eastern European operations.
The company filed for bankruptcy in Texas with a pile of debt and leases amounting to near $9B. There's a good chance control of the company ends up with its creditors; it had said it anticipated emerging from bankruptcy protection in the first quarter of 2023.
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