AMC sells $2 billion first-lien notes, secures $1.97 billion term loans in debt refinancing deal
AMC•AMC Entertainment completed a $3.97 billion refinancing, including $2 billion of first-lien notes due 2031. The financing also includes term loan facilities and extends most debt maturities to October 2031 and October 2033.
1. Refinancing details
The $3.97 billion transaction includes an $850 million first-lien term loan facility and a $1.12 billion second-lien term loan facility. Proceeds are targeted at debt buybacks and redemptions, including senior secured notes due 2029, and repayment of existing term loans.
