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AMC Theatres Has Raised $917 Million to Weather ‘Dark Coronavirus-Impacted Winter’

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Also Read: AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets“Today, the sun is shining on AMC.

After securing more than $1 billion of cash between April and November of 2020, through equity and debt raises along with a modest amount of asset sales, we are proud to announce today that over the past six weeks AMC has raised an additional $917 million capital infusion to bolster and solidify our liquidity and financial position,” AMC Entertainment President and CEO Adam Aron said in a statement on Monday. “This means that any talk of an imminent bankruptcy for AMC is completely off the table.”“Looking ahead, for AMC to succeed over the medium term, we are going to need for much of the general public in the U.S.

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Adam Aron Entertainment 2020 vaccine
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