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Entertainment Covid-19 pandemic 2020

AMC Entertainment Unveils Deal to Sell Up to 15M Shares

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Cinema chain AMC Entertainment Holdings is looking to raise more fresh cash, in part for debt refinancings and repayments amid the coronavirus pandemic.

The move comes as the exhibition giant looks to continue reopening its U.S. theater circuit and survive the pandemic after a debt restructuring.

On Thursday, AMC unveiled an equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million class A shares “from time to time” and “at-the-market” prices, the company said in an SEC filing.

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Entertainment Covid-19 pandemic 2020
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