Leawood, Kan. — In an effort to remain financially afloat amid the COVID-19 pandemic, AMC Entertainment Holdings Inc. has raised or signed commitment letters to receive $917 million of new equity and debt capital. The Leawood, Kan.-based movie theater company says the increased liquidity should enable it to survive well into 2021. Of the $917 million, AMC raised $506 million of equity from the issuance of new common shares. Additionally, the company executed commitment letters for $411 million of incremental debt capital from upsizing and refinancing its European revolving credit …
Adam Aron
Leawood, Kan. — As of March 17, 2020, all AMC Theatres locations in the United States have closed for at least 6 to 12 weeks, in compliance with local, state and federal directives, and as a precaution to help ensure the health and safety of moviegoers and theatre staff. AMC will continue to monitor the situation closely, and the company will remain flexible on reopening, in accordance with CDC recommendations and governmental directives. The COVID-19 situation has developed rapidly throughout the country over the last week, and during the last …