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Entertainment reports 2020 and

AMC Entertainment CEO Adam Aron Issues New Year’s Resolution, Vowing To “Try Very Hard” To Refinance Debt And Shore Up Balance Sheet

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deadline.com
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In a New Year’s resolution shared on Twitter, AMC Entertainment CEO Adam Aron vowed to try to refinance the company’s debt and strengthen its balance sheet.He noted that in response to the pandemic, in 2020 and early 2021, the top movie theater circuit took on debt “at high interest rates to survive.” Aron said he hopes to make progress on paying down or reorganizing those obligations this year.Investors responded positively to his post, sending AMC’s shares up almost 2% to $27.68.

The stock, of course, has been on a wild ride over the past year, becoming a meme darling for individual investors organized on Reddit.

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