Leawood, Kan. — AMC Theatres, the largest theatrical exhibitor in the United States and in the world, has made a critical hire as it prepares to expand its business into the multibillion-dollar retail popcorn industry. Ellen Copaken, formally of Frito-Lay and Hostess Brands, will join AMC as the vice president, growth strategy, beginning February 18. In this newly created role, Copaken will lead AMC’s implementation of growth ideas related to the sale to consumers of popcorn outside AMC’s historic in-theatre channel. She will report to Mark Pearson, chief strategy officer, …
AMC Entertainment Holdings
AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’
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 …
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 …