AMC Announces $153M Debt Reduction 8-K Sep 30, 2024

AMC Announces $153M Debt Reduction 8-K Sep 30, 2024 - On September 30,2024 AMC Entertainment (NYSE:AMC) announced that Between August 5, 2024 and September 30, 2024, the Company entered into a series of privately negotiated agreements to extinguish unsecured debt in an aggregate principal amount of $152,923,002, consisting of $15,602,000 principal amount of 5.75% subordinated notes due 2025, $9,572,000 principal amount of 5.875% subordinated debt due 2026, and $127,749,002 principal amount of 10%/12% cash/PIK toggle subordinated notes due 2026, which the Company repurchased and/or exchanged for aggregate consideration of 11,091,833 shares of the Company’s Class A common stock, par value $0.01 per share, and $103,123,472 of cash, excluding accrued interest. The Company may engage in similar transactions in the future but is under no obligation to do so. #TonyDenaro #AMC #Debt8K

🦍Become a Channel Member! https://www.youtube.com/c/TonyDenaro/Join
🧡 DISCORD! Talk, Share ideas and learn in an environment of traders who focus on filings, analysis and sharing proper fact based due diligence. https://discord.com/servers/tony-denaro-853784552002551838
🦎MarketChameleon Investment Analysis Tools: https://marketchameleon.com/?pap_aid=TonyDenaro
🐤TWITTER: https://twitter.com/Tony_Denaro
💹 STOCKTWITS: https://stocktwits.com/TonyDenaro
📶 TWITCH backup livestream (add it now!): https://www.twitch.tv/tonydenaro
📰 REDDIT: https://www.reddit.com/r/TonyDenaro/

💥Links for Content Creators:💥
1) Best free software for Collab videos - Restream: https://restream.io/join/TonyDenaro
2) Diversify where your content is published, sign up for Rumble: https://rumble.com/register/TonyDenaro/
💥Links for Content Creators💥

Send Tony Denaro something:
Tony Denaro
10900 Research Blvd
Suite 160-C #196
Austin, TX 78759

DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.