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AMC Plans to Sell 15 Million Shares, Warns Investors of Potential Bankruptcy

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variety.com
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Dave McNary Film ReporterThe beleaguered AMC Theatres chain has warned it may have to file for Chapter 11 bankruptcy if it cannot obtain additional sources of liquidity.The company made the disclosure Tuesday in a filing with the Securities and Exchange Commission about an equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million class A shares, with the proceeds being used for general corporate purposes.

AMC raised $54 million last month through a similar agreement with Citigroup and Goldman Sachs.“In the event the company determines that these sources of liquidity will not be available to it or will not allow it to meet its obligations as they become due, it would likely seek an in-court or.

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5 talking points as Celtic's suffer Europa League pain despite Milan fightback
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Apple And Netflix Have Discussed Acquiring ‘No Time To Die’ For Streaming Release, MGM Reportedly Asking For $600 Million
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