AMC Cinema Lenders Pitch Debt Extension to Troubled Movie Chain - Bloomberg
Markets

AMC Cinema Lenders Pitch Debt Extension to Troubled Movie Chain

  • Theater chain has nearly $3 billion of debt coming due in 2026
  • Company has looked to tap equity markets to shore up cash

An AMC movie theater in New York.

Photographer: Bing Guan/Bloomberg
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE
By , , and

A lender group to AMC Entertainment Holdings Inc. advised by Gibson Dunn & Crutcher made a proposal to the movie theater company that would push back its near-term debt maturities, according to people familiar with the matter.

The proposal comes as AMC, the world’s largest cinema chain, owes about $4.5 billion in long-term debt as of Dec. 31, including more than $2.8 billion of maturities in 2026, according to regulatory filings.

Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE