LEAWOOD, Kansas, September 30, 2021 – (BUSINESS WIRE) – AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has negotiated a $35 million repurchase option of its 15% money/17% payment in type (“PIK”) Toggle First Lien Garantured Notes due 2026 The total charge to resolve this option to purchase $41. 3 million, adding accrued and unpaid principal and interest as a result of this debt reduction, GAC’s annual interest prices were reduced by $5. 25 million.
“The repurchase of some of our maximum expensive debt is one of the many steps we are taking to optimally position AMC for the future,” said Adam Aron, AMC’s president and chief executive officer. “In addition to reducing our interest-bearing debt, we are also using our liquidity and corporate fundamentals to particularly decrease deferred contracting obligations. At the same time, we continue to take action for the effects of our operations and capitalize on opportunities for expansion and improvement in our business. “
Aron concluded, “At AMC, our recent inventions include delivering select content to our theaters, such as exclusive music reports and WWE and UFC shows; our commitment to settle for cryptocurrencies starting with Bitcoin, Ethereum, Litecoin and Bitcoin Cash before the end of the year, as well as to explore the option of settling for Dogecoin; and our unprecedented national multimedia marketing crusade with Oscar winner Nicole Kidman. All of this comes at a time when we think the list of upcoming films is incredibly exciting and studios are showing up lately. to be participating in an exclusive theatrical window again. “
About AMC Entertainment Holdings, Inc.
AMC is the largest film exploitation company in the United States, the largest in Europe and the largest in the world with approximately 950 cinemas and 10,500 screens worldwide. AMC has driven innovation in the exhibition industry by: implementing its Signature electric reclining seats; provision of advanced food and beverage options; Generate greater visitor engagement through its loyalty and subscription programs, its online page and its mobile applications; It provides high-quality large-format reports and streams a wide variety of content, adding the latest Hollywood releases and independent programming. For more information, www. amcheatres. com.
Website information
This press release, along with other information about AMC, is available on www. amcheatres. com. We published data that would possibly be vital for investors in the Investor Relations segment of our online page, www. investor. amcheatres. com. We use this online page as a means to disclose material, private data and to comply with our disclosure obligations under FD regulations, and we inspire investors to consult this segment of our online page for vital data about AMC. o accessed is not incorporated through reference and does not become a component of this document. Investors interested in automatically receiving news and data when they are posted on our online page can also make a stop at www. investor. amcheatres. com to sign up for email alerts.
Category: Company Press Release
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Contacts
INVESTOR RELATIONS: John Merriwether, 866248-3872InvestorRelations@amctheatres. com
MEDIA CONTACTS: Ryan Noonan, (913) 213-2183rnoonan@amctheatres. com