AMC prices $850 million first-lien term loan at SOFR+4.50%
AMC•AMC priced $850 million of first-lien term loans at SOFR plus 4.50%, with a 1.50% original issue discount; the facility is expected to close around Oct. 5, 2026. The financing package also includes $2 billion of 8.875% first-lien notes due 2031 and a previously announced $1.12 billion second-lien term loan.
1. Loan pricing and terms
AMC priced $850 million of first-lien term loans under a new facility, carrying interest at SOFR plus 4.50% and a 1.50% original issue discount. The facility is expected to close around Oct. 5, 2026.
2. Refinancing package
The package also includes $2 billion of 8.875% first-lien notes due 2031, alongside a previously announced $1.12 billion second-lien term loan. Proceeds are intended for refinancing moves, including a tender for 7.500% senior secured notes due 2029 and repayment of existing term loan facilities.
3. Collateral and guarantees
The new debt and guarantees rank on a senior secured basis and are backed by certain wholly owned subsidiaries, including Muvico and Odeon Cinemas Group.
