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AMC Entertainment ends talks to buy some Cineworld assets AMC Entertainment $AMC Entertainment(AMC)$ said talks with Cineworld (OTCPK:CNNWQ) lenders to buy some theaters in the U.S. and Europe have ended after an agreement wasn't reached. 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.
AMC Entertainment ends talks to buy some Cineworld assets AMC Entertainment $AMC Entertainment(AMC)$ said talks with Cineworld (OTCPK:CNNWQ) lenders to buy some theaters in the U.S. and Europe have ended after an agreement wasn't reached. 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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