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AMC Entertainment Unveils Deal to Sell Up to 15 Million Shares

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hollywoodreporter.com
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Cinema chain AMC Entertainment Holdings is looking to raise more fresh cash to stay afloat as it offered guidance to Wall Street on its faltering financial performance that fell short of analyst expectations.

On Tuesday, AMC unveiled another equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million additional class A shares, with the proceeds being used for general corporate purposes, the company said in an SEC filing.

AMC raised around $54.7 million through the sale of an earlier 15 million shares through a similar at-the-market offering program completed in September.

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