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WALL STREET KID

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WALL STREET KID

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Re: None

Wednesday, 05/15/2024 11:37:02 PM

Wednesday, May 15, 2024 11:37:02 PM

Post# of 140471
🔥🩳🔥 $AMC $164M Debt for Equity Exchange - Bullish for Balance Sheet and Debt Restructuring.

On May 14, 2024, AMC Entertainment Holdings, Inc. (the “Company”) entered into privately negotiated exchange agreements, under which it will issue an aggregate of 23,280,295 shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”) in exchange for $163,850,000 aggregate principal amount of its 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026 (the “Exchange Transactions”).

The Company may engage in similar transactions in the future but is under no obligation to do so.

Based on the aggregate principal amount exchanged plus $6,872,597 aggregate accrued interest thereon through the relevant date of exchange, the Common Stock issued had an implied value of $7.33 per share.

#TonyDenaro #AMC #AMC8K

Due diligence Links:

AMC 8K SEC filing: https://www.sec.gov/ix?doc=/Archives/...



@DR_rugby @tulla236a @BUFCARP @Klinsmann @apr1 @Jimmy Joe @Lottoplay @bio33 @Bunti @SmokeSignals @ckmseven788 @ttottip @Cdub3 @Pikeslayer
Bullish
Bullish



Always do your own DD

Buy/Sell only when you want and always have a exit strategy

https://investorshub.advfn.com/boards/profile.aspx?user=99749

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