Rebecca Rubin Film and Media ReporterAMC Theatres, the world’s largest cinema chain, has issued a sobering warning as the coronavirus pandemic stretches into winter: We’re running out of money.In an SEC filing on Friday, the struggling movie theater company warned its resources may be drained as early as next month. “In the absence of additional liquidity, the Company anticipates that existing cash resources will be depleted during January 2021,” the company wrote.AMC Theatres also said that it has completed a debt offering of $100 million from investment firm Mudrick Capital Management.
AMC has already deferred more than $400 million of rent obligations to 2021. Yet the cinema circuit estimates that it will require at least $750 million.
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