- AMC Entertainment Holdings, Inc AMC subsidiary Odeon Cinemas Group Limited obsessed Odeon Finco PLC offered aggregate principal amount of $400.0 million of senior secured notes due 2027 in a private institutional offer.
- The Notes will be guaranteed on a senior secured basis by OCGL and certain OCGL subsidiaries and on an unsecured stand alone basis by AMC.
- Odeon intends to use the proceeds of the offering, along with cash, to fund the full repayment of OCGL’s existing term loan facilities and to pay related fees, costs, premiums and expenses.
- AMC had $965.2 million in cash and equivalents from June 30th.
- Price promotion: AMC shares traded up 1.14% to $6.19 on the last check Wednesday.
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