AMC Entertainment Holdings, Inc. Announces Upsize and Pricing of Senior Secured Notes Offering

Feb 03, 2022

AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company,” or “AMC”), announced today that it upsized and priced its private offering (the “Offering”) of $950.0 million aggregate principal amount of 7.500% first lien senior secured notes due 2029 (the “Notes”), representing an increase of $450.0 million aggregate principal amount from the previously announced proposed offering size. The Offering is expected to close on or around February 14, 2022, subject to customary closing conditions. The Notes will be guaranteed on a senior secured basis by each of the Company’s subsidiaries that guarantees indebtedness under the Company’s senior secured credit facilities and existing senior secured notes. The Company intends to use the net proceeds from the sale of the Notes, and cash on hand, to fund the full redemption (the “Redemptions”) of the Company’s $500.0 million aggregate principal amount of 10.500% First Lien Senior Secured Notes due 2025, $300.0 million aggregate principal amount of two series of 10.500% First Lien Senior Secured Notes due 2026 and $73.5 million aggregate principal amount of 15%/17% Cash/PIK Toggle First Lien Secured Notes due 2026 (collectively, the “Existing Notes”) and to pay related fees, costs, premiums and expenses. The Redemptions will be conditioned upon, among other requirements, the consummation of the Offering, which shall have resulted in aggregate gross proceeds to the Company of at least $950.0 million.

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