AMC Entertainment Stock Is Sliding Tuesday: What's Going On?

AMC Entertainment Holdings Inc (NYSE:AMC) shares are falling Tuesday. The company announced an agreement with creditors to strengthen its balance sheet.

What To Know: AMC entered into a Transaction Support Agreement with creditors, including holders of 62% of its 7.5% Senior Secured Notes due 2029, holders of 76% of Muvico’s 6%/8% Senior Secured Exchangeable Notes due 2030 and certain term loan lenders.

AMC will gain approximately $223.3 million of new money financing, which it expects to use to refinance debt maturing in 2026. The company will also immediately convert at least $143 million of its 6%/8% Senior Secured Exchangeable Notes due 2030 with the potential to equitize up to $337 ...