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AMC Entertainment (AMC) has provided an announcement.
AMC Entertainment Holdings, Inc. has chosen not to renew its $225 million Senior Secured Revolving Credit Facility, which is set to mature on April 22, 2024. Instead, the company has initiated a new letter of credit facility to ensure business continuity. Prior to its maturity, the company has already settled its obligations and terminated the credit facility, nullifying the previously suspended financial covenant and its conditions. This move has no impact on the company’s senior secured term loan facility.
For an in-depth examination of AMC stock, go to TipRanks’ Stock Analysis page.