{"success":true,"data":{"pressRelease":{"id":"161169","rtpr_id":"nBw129Yrma-20261006","ticker":"AMC","exchange":"NYSE","all_tickers":["AMC"],"title":"AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the Closing of First Lien Notes Offering and New Term Loan Facilities Totaling a $3.97 Billion Refinancing of Existing Debt","author":"Business Wire","published_at":"2026-10-06T01:00:00.139Z","article_body":"AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the\nClosing of First Lien Notes Offering and New Term Loan Facilities Totaling a\n$3.97 Billion Refinancing of Existing Debt\n\nDebt Maturities Extended to 2031 and 2033\n\nAMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company” or “AMC”)\nannounced today that it has successfully completed its previously announced\nrefinancing of $3.97 billion of its existing debt, including the offering of\n$2,000 million aggregate principal amount of first lien notes due 2031 (the\n“Notes”) in a private offering (the “Offering”), borrowing of a new\n$850 million first lien term loan facility (the “New 1L Term Loan\nFacility”) and a new second lien term loan facility provided by Deutsche\nBank Special Situations Group in an aggregate principal amount of $1,120\nmillion (the “New 2L Term Loan Facility” and together with the New 1L Term\nLoan Facility, the “New Term Loan Facilities”).\n\nThe Notes and New Term Loan Facilities are guaranteed on a senior secured\nbasis by certain of the Company’s existing and future direct or indirect\nwholly-owned subsidiaries, including Muvico, LLC (“Muvico”), Odeon Cinemas\nGroup Limited (“OCGL”) and certain subsidiaries of OCGL.\n\nThe net proceeds from the Offering, together with the proceeds from the New\nTerm Loan Facilities and cash on hand, have been and will be used to (i) fund\nthe previously announced tender offer (the “Tender Offer”) of the\nCompany’s outstanding 7.500% Senior Secured Notes due 2029 (the “AMC\nSecured Notes”) which settled concurrently with the Offering, (ii) fund the\nredemption (the “Redemption”) on or about February 15, 2027 of any AMC\nSecured Notes that were not tendered or accepted for purchase in the Tender\nOffer, (iii) fund the previously announced redemption in full of Muvico’s\n$903.4 million aggregate principal amount of Senior Secured Notes due 2029,\n(iv) repay in full the Company’s existing term loan facility, (v) repay in\nfull the existing term loan facility of Odeon Finco PLC, a wholly-owned direct\nsubsidiary of OCGL and an indirect subsidiary of AMC, and (vi) pay related\nfees, costs, premiums and expenses in connection with such transactions.\n\nCommenting on the closing of the Offering and the New Term Loan Facilities,\nAMC Chairman and CEO Adam Aron said, “This transaction marks for all to\nplainly see a significant milestone for AMC. With this now-completed\ncomprehensive refinancing of approximately 97% of our debt, we have materially\nextended almost all our debt maturities until October of 2031 and October of\n2033, simplified our capital structure and reduced our cost of capital. AMC is\nnow well positioned to thrive, as we welcome millions and millions of guests\neach and every week to our theatres throughout the world.”\n\nAron continued, “The bold and creative capital markets actions we have\nimplemented in recent years, paired with a resurgent box office and our\nimpressive operating performance, have resulted in a substantial reduction in\nfinancial leverage and a stronger balance sheet. Recent corporate or\ninstrument credit ratings upgrades, by all three major credit rating agencies,\nclearly reflect AMC’s considerable progress on this score.”\n\nAron highlighted, “It is so immensely satisfying to us how deftly AMC has\nnavigated these uncharted waters of the past six-plus years. Since 2020, AMC\nhas paid down a total of nearly $2 billion of our long-term debt and\nCOVID-related lease deferrals and has extended the maturity of what is in our\nview a manageable remaining debt-load of approximately $4 billion to 2031 and\n2033. This is nothing less than a triumph for AMC.”\n\nAron added, “We extend sincere thanks to all of our lenders, most notably\nDeutsche Bank Special Situations Group for their participation in this\nambitious transaction. Our investment banking partners, particularly including\nWells Fargo Securities, Deutsche Bank Securities, Citigroup, and Goldman Sachs\n& Co. LLC, and our advisors, including Moelis & Company LLC and Weil,\nGotshal & Manges LLP who have for years now brilliantly showcased their\nunique skills. Additionally, their confidence, support, and commitment to AMC\nhave been crucial to the demonstrable progress that AMC has made in the\ntumultuous times of the past several years.”\n\nAron added, “This all has taken place against the backdrop of an\nincreasingly robust box office, including an all-time record third quarter\nNorth American box office. Looking ahead, we are highly optimistic as well\nabout our prospects for the remainder of this year. An exciting film slate\nawaits us, especially including the December releases of DUNE: PART THREE and\nAVENGERS: DOOMSDAY, promising to close 2026 on a high note and carry that 2026\nmomentum into 2027.”\n\nAron concluded, “A growing box office, a more efficient balance sheet,\ncombined with disciplined execution on our part, position AMC to capitalize on\nthe significant operating leverage inherent in our business. With continued\nbox office growth and successful execution of our strategy, we firmly expect\nAMC to considerably expand EBITDA, improve free cash flow and deliver\nmeaningful long-term value for our stakeholders.”\n\nThe Notes and related guarantees were offered only to persons reasonably\nbelieved to be qualified institutional buyers in reliance on Rule 144A under\nthe Securities Act of 1933, as amended (the “Securities Act”), and outside\nthe United States, only to non-U.S. investors pursuant to Regulation S. The\nNotes have not been and will not be registered under the Securities Act or the\nsecurities laws of any other jurisdiction and may not be offered or sold in\nthe United States absent an effective registration statement or an applicable\nexemption from registration requirements or in a transaction not subject to\nthe registration requirements of the Securities Act or any state securities\nlaws.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any security and shall not constitute an offer,\nsolicitation or sale in any jurisdiction in which such offering, solicitation\nor sale would be unlawful. This press release is being issued pursuant to and\nin accordance with Rule 135c under the Securities Act.\n\nTender Offer Results\n\n$355,515,000 aggregate principal amount of the AMC Secured Notes, representing\napproximately 98.8% of the $359,964,500 aggregate principal amount of AMC\nSecured Notes outstanding, were validly tendered and not validly withdrawn in\nthe Tender Offer. The Company accepted for purchase all AMC Secured Notes\nvalidly tendered and not validly withdrawn and settled the Tender Offer on\nOctober 5, 2026.\n\nThis press release does not constitute a notice of redemption of the AMC\nSecured Notes. Information concerning the terms and conditions of the\nredemption of AMC Secured Notes not tendered or accepted for purchase in the\nTender Offer will be described in the notice of full redemption to be\ndistributed to holders of the AMC Secured Notes by the trustee under the\nindenture governing the AMC Secured Notes.\n\nAbout AMC Entertainment Holdings, Inc.\n\nAMC is the largest movie exhibition company in the United States, the largest\nin Europe and the largest throughout the world with approximately 850 theatres\nand 9,600 screens across the globe. AMC has propelled innovation in the\nexhibition industry by: deploying its signature power-recliner seats;\ndelivering enhanced food and beverage choices; generating greater guest\nengagement through its loyalty and subscription programs, website, and mobile\napps; offering premium large format experiences and playing a wide variety of\ncontent including the latest Hollywood releases and independent programming.\n\nForward-Looking Statements\n\nThis communication includes “forward-looking statements” within the\nmeaning of the federal securities laws, including the safe harbor provisions\nof the Private Securities Litigation Reform Act of 1995. In many cases, these\nforward-looking statements may be identified by the use of words such as\n“will,” “may,” “could,” “would,” “should,” “believes,”\n“expects,” “anticipates,” “estimates,” “intends,”\n“indicates,” “projects,” “goals,” “objectives,” “targets,”\n“predicts,” “plans,” “seeks,” and variations of these words and\nsimilar expressions. Examples of forward-looking statements include statements\nthe Company makes regarding the transactions described herein, including the\nexpected use of proceeds therefrom, including the Redemption, impacts of the\nindustry box office in North America and European industry attendance, the\nCompany’s expected revenue, net loss, capital expenditures, diluted loss per\nshare, Adjusted EBITDA and estimated cash and cash equivalents, the potential\nfor sustained growth, the Company’s cash generation potential, the potential\nfor further debt equitization, the ability to achieve the Company’s AMC Go\nPlan, the Company’s financial runway and the continued box office recovery\nas well as the future box office outlook, including with respect to the full\nyear 2026, changing market dynamics and capitalizing on opportunities to\nfurther strengthen AMC’s balance sheet. Any forward-looking statement speaks\nonly as of the date on which it is made. These forward-looking statements may\ninclude, among other things, statements related to AMC’s current\nexpectations regarding the performance of its business, financial results,\nliquidity and capital resources and are based on information available at the\ntime the statements are made and/or management’s good faith belief as of\nthat time with respect to future events, and are subject to risks, trends,\nuncertainties and other facts that could cause actual performance or results\nto differ materially from those expressed in or suggested by the\nforward-looking statements. These risks, trends, uncertainties and facts\ninclude, but are not limited to: the sufficiency of AMC’s existing cash and\ncash equivalents and available borrowing capacity; AMC’s ability to obtain\nadditional liquidity, which if not realized or insufficient to generate the\nmaterial amounts of additional liquidity that will be required unless it is\nable to achieve more normalized levels of operating revenues, likely would\nresult with AMC seeking an in-court or out-of-court restructuring of its\nliabilities; the effectiveness of the refinancing transactions completed in\nthe third quarter of 2025 and the ability to further equitize existing debt;\nincreased use of alternative film delivery methods or other forms of\nentertainment; the continued recovery of the North American and international\nbox office; AMC’s significant indebtedness, including its ability to meet\nits covenants and limitations on AMC's ability to take advantage of certain\nbusiness opportunities imposed by such covenants; shrinking exclusive\ntheatrical release windows; the seasonality of AMC’s revenue and working\ncapital; intense competition in the geographic areas in which AMC operates;\nrisks relating to impairment losses, including with respect to goodwill and\nother intangibles, and theatre and other closure charges; motion picture\nproduction, promotion, marketing, and performance including labor stoppages\naffecting the production, supply and release schedule of theatrical motion\npicture content and choice of distributors to release fewer feature-length\nfilms as a result of the additional financial burden imposed by tariffs; the\nuse of artificial intelligence (“AI”) technology in the filmmaking process\nand audience acceptance of movies made utilizing AI technology; general and\ninternational economic, political, regulatory and other risks, including but\nnot limited to rising interest rates; AMC’s lack of control over\ndistributors of films; limitations on the availability of capital, including\non the authorized number of shares of the Company’s Class A common stock\n(the “Common Stock”); dilution of voting power caused by recent sales of\nCommon Stock and through the issuance of Common Stock underlying Muvico’s\nexchangeable notes and the issuance of preferred stock; future offerings of\ndebt, which would be senior to the Common Stock for purposes of distributions\nor upon liquidation, and which could adversely affect the market price of the\nCommon Stock; AMC’s ability to achieve expected synergies, benefits and\nperformance from its strategic initiatives; AMC’s ability to refinance its\nindebtedness on favorable terms; AMC’s ability to optimize its theatre\ncircuit; limitations on AMC’s ability to utilize interest expense deductions\nannually under Section 163(j) of the Internal Revenue Code of 1986, as\namended, as amended by the One Big Beautiful Bill Act of 2025; AMC’s ability\nto recognize interest deduction carryforwards, net operating loss\ncarryforwards, and other tax attributes to reduce future tax liability; supply\nchain disruptions, labor shortages, increased cost and inflation; and other\nfactors discussed in the reports AMC has filed with the SEC. Should one or\nmore of these risks, trends, uncertainties, or facts materialize, or should\nunderlying assumptions prove incorrect, actual results may vary materially\nfrom those indicated or anticipated by the forward-looking statements\ncontained herein. Accordingly, the Company cautions you against relying on\nforward-looking statements, which speak only as of the date they are made.\n\nForward-looking statements should not be read as a guarantee of future\nperformance or results and will not necessarily be accurate indications of the\ntimes at, or by, which such performance or results will be achieved. For a\ndetailed discussion of risks, trends and uncertainties facing AMC, see the\nsection entitled “Risk Factors” and elsewhere in the Company’s most\nrecent annual report on Form 10-K and quarterly reports on Form 10-Q, as well\nas the Company’s other filings with the SEC, copies of which may be obtained\nby visiting the Company’s Investor Relations website at\ninvestor.amctheatres.com or the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54616660&newsitemid=20261005927504&lan=en-US&anchor=www.sec.gov&index=1&md5=d46139401036035af563a203f11fe42a)\n.\n\nAMC does not intend, and undertakes no duty, to update any information\ncontained herein to reflect future events or circumstances, except as required\nby applicable law.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005927504/en/\n(https://www.businesswire.com/news/home/20261005927504/en/)\n\nINVESTOR RELATIONS:\n\nJohn Merriwether, (866) 248-3872\n\nInvestorRelations@amctheatres.com (mailto:InvestorRelations@amctheatres.com)\n\nMEDIA CONTACT:\n\nRyan Noonan, (913) 213-2183\n\nrnoonan@amctheatres.com (mailto:rnoonan@amctheatres.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw129Yrma-20261006","title":"AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the Closing of First Lien Notes Offering and New Term Loan Facilities Totaling a $3.97 Billion Refinancing of Existing Debt","author":"Business Wire","ticker":"AMC","created":"2026-10-06T01:00:00.139Z","tickers":["AMC"],"exchange":"NYSE","article_body":"AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the\nClosing of First Lien Notes Offering and New Term Loan Facilities Totaling a\n$3.97 Billion Refinancing of Existing Debt\n\nDebt Maturities Extended to 2031 and 2033\n\nAMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company” or “AMC”)\nannounced today that it has successfully completed its previously announced\nrefinancing of $3.97 billion of its existing debt, including the offering of\n$2,000 million aggregate principal amount of first lien notes due 2031 (the\n“Notes”) in a private offering (the “Offering”), borrowing of a new\n$850 million first lien term loan facility (the “New 1L Term Loan\nFacility”) and a new second lien term loan facility provided by Deutsche\nBank Special Situations Group in an aggregate principal amount of $1,120\nmillion (the “New 2L Term Loan Facility” and together with the New 1L Term\nLoan Facility, the “New Term Loan Facilities”).\n\nThe Notes and New Term Loan Facilities are guaranteed on a senior secured\nbasis by certain of the Company’s existing and future direct or indirect\nwholly-owned subsidiaries, including Muvico, LLC (“Muvico”), Odeon Cinemas\nGroup Limited (“OCGL”) and certain subsidiaries of OCGL.\n\nThe net proceeds from the Offering, together with the proceeds from the New\nTerm Loan Facilities and cash on hand, have been and will be used to (i) fund\nthe previously announced tender offer (the “Tender Offer”) of the\nCompany’s outstanding 7.500% Senior Secured Notes due 2029 (the “AMC\nSecured Notes”) which settled concurrently with the Offering, (ii) fund the\nredemption (the “Redemption”) on or about February 15, 2027 of any AMC\nSecured Notes that were not tendered or accepted for purchase in the Tender\nOffer, (iii) fund the previously announced redemption in full of Muvico’s\n$903.4 million aggregate principal amount of Senior Secured Notes due 2029,\n(iv) repay in full the Company’s existing term loan facility, (v) repay in\nfull the existing term loan facility of Odeon Finco PLC, a wholly-owned direct\nsubsidiary of OCGL and an indirect subsidiary of AMC, and (vi) pay related\nfees, costs, premiums and expenses in connection with such transactions.\n\nCommenting on the closing of the Offering and the New Term Loan Facilities,\nAMC Chairman and CEO Adam Aron said, “This transaction marks for all to\nplainly see a significant milestone for AMC. With this now-completed\ncomprehensive refinancing of approximately 97% of our debt, we have materially\nextended almost all our debt maturities until October of 2031 and October of\n2033, simplified our capital structure and reduced our cost of capital. AMC is\nnow well positioned to thrive, as we welcome millions and millions of guests\neach and every week to our theatres throughout the world.”\n\nAron continued, “The bold and creative capital markets actions we have\nimplemented in recent years, paired with a resurgent box office and our\nimpressive operating performance, have resulted in a substantial reduction in\nfinancial leverage and a stronger balance sheet. Recent corporate or\ninstrument credit ratings upgrades, by all three major credit rating agencies,\nclearly reflect AMC’s considerable progress on this score.”\n\nAron highlighted, “It is so immensely satisfying to us how deftly AMC has\nnavigated these uncharted waters of the past six-plus years. Since 2020, AMC\nhas paid down a total of nearly $2 billion of our long-term debt and\nCOVID-related lease deferrals and has extended the maturity of what is in our\nview a manageable remaining debt-load of approximately $4 billion to 2031 and\n2033. This is nothing less than a triumph for AMC.”\n\nAron added, “We extend sincere thanks to all of our lenders, most notably\nDeutsche Bank Special Situations Group for their participation in this\nambitious transaction. Our investment banking partners, particularly including\nWells Fargo Securities, Deutsche Bank Securities, Citigroup, and Goldman Sachs\n& Co. LLC, and our advisors, including Moelis & Company LLC and Weil,\nGotshal & Manges LLP who have for years now brilliantly showcased their\nunique skills. Additionally, their confidence, support, and commitment to AMC\nhave been crucial to the demonstrable progress that AMC has made in the\ntumultuous times of the past several years.”\n\nAron added, “This all has taken place against the backdrop of an\nincreasingly robust box office, including an all-time record third quarter\nNorth American box office. Looking ahead, we are highly optimistic as well\nabout our prospects for the remainder of this year. An exciting film slate\nawaits us, especially including the December releases of DUNE: PART THREE and\nAVENGERS: DOOMSDAY, promising to close 2026 on a high note and carry that 2026\nmomentum into 2027.”\n\nAron concluded, “A growing box office, a more efficient balance sheet,\ncombined with disciplined execution on our part, position AMC to capitalize on\nthe significant operating leverage inherent in our business. With continued\nbox office growth and successful execution of our strategy, we firmly expect\nAMC to considerably expand EBITDA, improve free cash flow and deliver\nmeaningful long-term value for our stakeholders.”\n\nThe Notes and related guarantees were offered only to persons reasonably\nbelieved to be qualified institutional buyers in reliance on Rule 144A under\nthe Securities Act of 1933, as amended (the “Securities Act”), and outside\nthe United States, only to non-U.S. investors pursuant to Regulation S. The\nNotes have not been and will not be registered under the Securities Act or the\nsecurities laws of any other jurisdiction and may not be offered or sold in\nthe United States absent an effective registration statement or an applicable\nexemption from registration requirements or in a transaction not subject to\nthe registration requirements of the Securities Act or any state securities\nlaws.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any security and shall not constitute an offer,\nsolicitation or sale in any jurisdiction in which such offering, solicitation\nor sale would be unlawful. This press release is being issued pursuant to and\nin accordance with Rule 135c under the Securities Act.\n\nTender Offer Results\n\n$355,515,000 aggregate principal amount of the AMC Secured Notes, representing\napproximately 98.8% of the $359,964,500 aggregate principal amount of AMC\nSecured Notes outstanding, were validly tendered and not validly withdrawn in\nthe Tender Offer. The Company accepted for purchase all AMC Secured Notes\nvalidly tendered and not validly withdrawn and settled the Tender Offer on\nOctober 5, 2026.\n\nThis press release does not constitute a notice of redemption of the AMC\nSecured Notes. Information concerning the terms and conditions of the\nredemption of AMC Secured Notes not tendered or accepted for purchase in the\nTender Offer will be described in the notice of full redemption to be\ndistributed to holders of the AMC Secured Notes by the trustee under the\nindenture governing the AMC Secured Notes.\n\nAbout AMC Entertainment Holdings, Inc.\n\nAMC is the largest movie exhibition company in the United States, the largest\nin Europe and the largest throughout the world with approximately 850 theatres\nand 9,600 screens across the globe. AMC has propelled innovation in the\nexhibition industry by: deploying its signature power-recliner seats;\ndelivering enhanced food and beverage choices; generating greater guest\nengagement through its loyalty and subscription programs, website, and mobile\napps; offering premium large format experiences and playing a wide variety of\ncontent including the latest Hollywood releases and independent programming.\n\nForward-Looking Statements\n\nThis communication includes “forward-looking statements” within the\nmeaning of the federal securities laws, including the safe harbor provisions\nof the Private Securities Litigation Reform Act of 1995. In many cases, these\nforward-looking statements may be identified by the use of words such as\n“will,” “may,” “could,” “would,” “should,” “believes,”\n“expects,” “anticipates,” “estimates,” “intends,”\n“indicates,” “projects,” “goals,” “objectives,” “targets,”\n“predicts,” “plans,” “seeks,” and variations of these words and\nsimilar expressions. Examples of forward-looking statements include statements\nthe Company makes regarding the transactions described herein, including the\nexpected use of proceeds therefrom, including the Redemption, impacts of the\nindustry box office in North America and European industry attendance, the\nCompany’s expected revenue, net loss, capital expenditures, diluted loss per\nshare, Adjusted EBITDA and estimated cash and cash equivalents, the potential\nfor sustained growth, the Company’s cash generation potential, the potential\nfor further debt equitization, the ability to achieve the Company’s AMC Go\nPlan, the Company’s financial runway and the continued box office recovery\nas well as the future box office outlook, including with respect to the full\nyear 2026, changing market dynamics and capitalizing on opportunities to\nfurther strengthen AMC’s balance sheet. Any forward-looking statement speaks\nonly as of the date on which it is made. These forward-looking statements may\ninclude, among other things, statements related to AMC’s current\nexpectations regarding the performance of its business, financial results,\nliquidity and capital resources and are based on information available at the\ntime the statements are made and/or management’s good faith belief as of\nthat time with respect to future events, and are subject to risks, trends,\nuncertainties and other facts that could cause actual performance or results\nto differ materially from those expressed in or suggested by the\nforward-looking statements. These risks, trends, uncertainties and facts\ninclude, but are not limited to: the sufficiency of AMC’s existing cash and\ncash equivalents and available borrowing capacity; AMC’s ability to obtain\nadditional liquidity, which if not realized or insufficient to generate the\nmaterial amounts of additional liquidity that will be required unless it is\nable to achieve more normalized levels of operating revenues, likely would\nresult with AMC seeking an in-court or out-of-court restructuring of its\nliabilities; the effectiveness of the refinancing transactions completed in\nthe third quarter of 2025 and the ability to further equitize existing debt;\nincreased use of alternative film delivery methods or other forms of\nentertainment; the continued recovery of the North American and international\nbox office; AMC’s significant indebtedness, including its ability to meet\nits covenants and limitations on AMC's ability to take advantage of certain\nbusiness opportunities imposed by such covenants; shrinking exclusive\ntheatrical release windows; the seasonality of AMC’s revenue and working\ncapital; intense competition in the geographic areas in which AMC operates;\nrisks relating to impairment losses, including with respect to goodwill and\nother intangibles, and theatre and other closure charges; motion picture\nproduction, promotion, marketing, and performance including labor stoppages\naffecting the production, supply and release schedule of theatrical motion\npicture content and choice of distributors to release fewer feature-length\nfilms as a result of the additional financial burden imposed by tariffs; the\nuse of artificial intelligence (“AI”) technology in the filmmaking process\nand audience acceptance of movies made utilizing AI technology; general and\ninternational economic, political, regulatory and other risks, including but\nnot limited to rising interest rates; AMC’s lack of control over\ndistributors of films; limitations on the availability of capital, including\non the authorized number of shares of the Company’s Class A common stock\n(the “Common Stock”); dilution of voting power caused by recent sales of\nCommon Stock and through the issuance of Common Stock underlying Muvico’s\nexchangeable notes and the issuance of preferred stock; future offerings of\ndebt, which would be senior to the Common Stock for purposes of distributions\nor upon liquidation, and which could adversely affect the market price of the\nCommon Stock; AMC’s ability to achieve expected synergies, benefits and\nperformance from its strategic initiatives; AMC’s ability to refinance its\nindebtedness on favorable terms; AMC’s ability to optimize its theatre\ncircuit; limitations on AMC’s ability to utilize interest expense deductions\nannually under Section 163(j) of the Internal Revenue Code of 1986, as\namended, as amended by the One Big Beautiful Bill Act of 2025; AMC’s ability\nto recognize interest deduction carryforwards, net operating loss\ncarryforwards, and other tax attributes to reduce future tax liability; supply\nchain disruptions, labor shortages, increased cost and inflation; and other\nfactors discussed in the reports AMC has filed with the SEC. Should one or\nmore of these risks, trends, uncertainties, or facts materialize, or should\nunderlying assumptions prove incorrect, actual results may vary materially\nfrom those indicated or anticipated by the forward-looking statements\ncontained herein. Accordingly, the Company cautions you against relying on\nforward-looking statements, which speak only as of the date they are made.\n\nForward-looking statements should not be read as a guarantee of future\nperformance or results and will not necessarily be accurate indications of the\ntimes at, or by, which such performance or results will be achieved. For a\ndetailed discussion of risks, trends and uncertainties facing AMC, see the\nsection entitled “Risk Factors” and elsewhere in the Company’s most\nrecent annual report on Form 10-K and quarterly reports on Form 10-Q, as well\nas the Company’s other filings with the SEC, copies of which may be obtained\nby visiting the Company’s Investor Relations website at\ninvestor.amctheatres.com or the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54616660&newsitemid=20261005927504&lan=en-US&anchor=www.sec.gov&index=1&md5=d46139401036035af563a203f11fe42a)\n.\n\nAMC does not intend, and undertakes no duty, to update any information\ncontained herein to reflect future events or circumstances, except as required\nby applicable law.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261005927504/en/\n(https://www.businesswire.com/news/home/20261005927504/en/)\n\nINVESTOR RELATIONS:\n\nJohn Merriwether, (866) 248-3872\n\nInvestorRelations@amctheatres.com (mailto:InvestorRelations@amctheatres.com)\n\nMEDIA CONTACT:\n\nRyan Noonan, (913) 213-2183\n\nrnoonan@amctheatres.com (mailto:rnoonan@amctheatres.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-06T01:00:00.174326575Z","server_sent_at_ms":1791248400174},"received_at":"2026-10-06T01:00:00.323Z","source_url":"https://www.businesswire.com/news/home/20261005927504/en/"},"analysis":{"id":"149713","press_release_id":"161169","analysis_json":{"industry":{"label":"Entertainment","sector":"Consumer Discretionary"},"redFlags":["New $1.12 billion second lien tranche from Deutsche Bank Special Situations Group implies elevated cost of capital","Company still carries ~$4 billion of debt and discloses potential need for in-court or out-of-court restructuring if liquidity falls short","Risk factors cite dilution from common stock sales, exchangeable notes, and preferred stock issuance"],"eventType":"debt_offering","narrative":"AMC completed a $3.97 billion refinancing comprising $2.0 billion of first lien notes due 2031, an $850 million first lien term loan, and a $1.12 billion second lien term loan backed by Deutsche Bank Special Situations Group.\n\nProceeds funded a tender offer for its 7.500% Senior Secured Notes due 2029 (98.8% participation), full redemption of Muvico's $903.4 million notes, and repayment of existing term loan facilities, extending maturities to October 2031 and 2033.\n\nCEO Adam Aron called the deal covering roughly 97% of AMC's debt a milestone that simplifies the capital structure and lowers cost of capital, with recent credit-rating upgrades from all three major agencies.\n\nThe refinancing lands amid a record third-quarter North American box office, with AMC pointing to the December releases of DUNE: PART THREE and AVENGERS: DOOMSDAY as momentum drivers.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"AMC pushes ~97% of its debt wall to 2031/2033 via $3.97B refinancing -- near-term maturity risk largely cleared as box office runs hot."},"keyFigures":{"dealValueUsd":3970000000,"customDimensions":{"remaining_debt":"$4 billion","tender_accepted":355515000,"first_lien_notes":2000000000,"new_1l_term_loan":850000000,"new_2l_term_loan":1120000000,"muvico_notes_redeemed":903400000,"tender_participation_pct":"98.8%","debt_paid_down_since_2020":"$2 billion","debt_maturities_extended_to":["2031","2033"]}},"quotedText":"With this now-completed comprehensive refinancing of approximately 97% of our debt, we have materially extended almost all our debt maturities until October of 2031 and October of 2033, simplified our capital structure and reduced our cost of capital.","namedEntities":{"people":[{"name":"Adam Aron","role":"Chairman and CEO"},{"name":"John Merriwether","role":"Investor Relations contact"},{"name":"Ryan Noonan","role":"Media contact"}],"products":["7.500% Senior Secured Notes due 2029","First lien notes due 2031"],"companies":[{"name":"AMC Entertainment Holdings, Inc.","ticker":"AMC","relationship":"filer"},{"name":"Deutsche Bank Special Situations Group","relationship":"lender"},{"name":"Wells Fargo Securities","relationship":"investment banking partner"},{"name":"Deutsche Bank Securities","relationship":"investment banking partner"},{"name":"Citigroup","relationship":"investment banking partner"},{"name":"Goldman Sachs & Co. LLC","relationship":"investment banking partner"},{"name":"Moelis & Company LLC","relationship":"advisor"},{"name":"Weil, Gotshal & Manges LLP","relationship":"advisor"},{"name":"Muvico, LLC","relationship":"subsidiary/guarantor"},{"name":"Odeon Cinemas Group Limited","relationship":"subsidiary/guarantor"},{"name":"Odeon Finco PLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3.97 billion","context":"total existing debt refinanced"},{"amount":"$2,000 million","context":"aggregate principal of first lien notes due 2031"},{"amount":"$850 million","context":"new first lien term loan facility"},{"amount":"$1,120 million","context":"new second lien term loan facility"},{"amount":"$903.4 million","context":"Muvico Senior Secured Notes due 2029 redeemed in full"},{"amount":"$355,515,000","context":"AMC Secured Notes validly tendered"},{"amount":"$359,964,500","context":"AMC Secured Notes outstanding"},{"amount":"nearly $2 billion","context":"debt and lease deferrals paid down since 2020"},{"amount":"approximately $4 billion","context":"remaining debt load extended to 2031/2033"}]},"materialImpact":{"score":4,"reasoning":"AMC closed a comprehensive $3.97 billion refinancing extending ~97% of its debt maturities to 2031/2033, materially reducing near-term refinancing and bankruptcy risk for a highly leveraged issuer. Not an earnings or M&A binary, but balance-sheet transformation for a company whose equity is highly sensitive to debt risk."},"tickerRelevance":{"others":[],"primary":"AMC"},"globalImportance":45,"audienceRelevance":75,"eventTypeSecondary":[],"importanceComponents":{"dealSize":"$3.97B refinancing","tickerTier":"retail-favorite meme stock","eventGravity":"balance-sheet transformation, no equity issuance","retailFavoriteBoost":true}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"AMC completed a $3.97 billion refinancing comprising $2.0 billion of first lien notes due 2031, an $850 million first lien term loan, and a $1.12 billion second lien term loan backed by Deutsche Bank Special Situations Group.\n\nProceeds funded a tender offer for its 7.500% Senior Secured Notes due 2029 (98.8% participation), full redemption of Muvico's $903.4 million notes, and repayment of existing term loan facilities, extending maturities to October 2031 and 2033.\n\nCEO Adam Aron called the deal covering roughly 97% of AMC's debt a milestone that simplifies the capital structure and lowers cost of capital, with recent credit-rating upgrades from all three major agencies.\n\nThe refinancing lands amid a record third-quarter North American box office, with AMC pointing to the December releases of DUNE: PART THREE and AVENGERS: DOOMSDAY as momentum drivers.","key_figures":{"dealValueUsd":3970000000,"customDimensions":{"remaining_debt":"$4 billion","tender_accepted":355515000,"first_lien_notes":2000000000,"new_1l_term_loan":850000000,"new_2l_term_loan":1120000000,"muvico_notes_redeemed":903400000,"tender_participation_pct":"98.8%","debt_paid_down_since_2020":"$2 billion","debt_maturities_extended_to":["2031","2033"]}},"named_entities":{"people":[{"name":"Adam Aron","role":"Chairman and CEO"},{"name":"John Merriwether","role":"Investor Relations contact"},{"name":"Ryan Noonan","role":"Media contact"}],"products":["7.500% Senior Secured Notes due 2029","First lien notes due 2031"],"companies":[{"name":"AMC Entertainment Holdings, Inc.","ticker":"AMC","relationship":"filer"},{"name":"Deutsche Bank Special Situations Group","relationship":"lender"},{"name":"Wells Fargo Securities","relationship":"investment banking partner"},{"name":"Deutsche Bank Securities","relationship":"investment banking partner"},{"name":"Citigroup","relationship":"investment banking partner"},{"name":"Goldman Sachs & Co. LLC","relationship":"investment banking partner"},{"name":"Moelis & Company LLC","relationship":"advisor"},{"name":"Weil, Gotshal & Manges LLP","relationship":"advisor"},{"name":"Muvico, LLC","relationship":"subsidiary/guarantor"},{"name":"Odeon Cinemas Group Limited","relationship":"subsidiary/guarantor"},{"name":"Odeon Finco PLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3.97 billion","context":"total existing debt refinanced"},{"amount":"$2,000 million","context":"aggregate principal of first lien notes due 2031"},{"amount":"$850 million","context":"new first lien term loan facility"},{"amount":"$1,120 million","context":"new second lien term loan facility"},{"amount":"$903.4 million","context":"Muvico Senior Secured Notes due 2029 redeemed in full"},{"amount":"$355,515,000","context":"AMC Secured Notes validly tendered"},{"amount":"$359,964,500","context":"AMC Secured Notes outstanding"},{"amount":"nearly $2 billion","context":"debt and lease deferrals paid down since 2020"},{"amount":"approximately $4 billion","context":"remaining debt load extended to 2031/2033"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T01:00:10.085Z","global_importance":45,"audience_relevance":75,"importance_components":{"dealSize":"$3.97B refinancing","tickerTier":"retail-favorite meme stock","eventGravity":"balance-sheet transformation, no equity issuance","retailFavoriteBoost":true}},"durationMs":9899,"modelName":"glm-5.3-flashx"}}