AMC Dangles 14% Yield on $400 Million Bond to Refinance Debt (1)

AMC Entertainment Holdings Inc. is dangling a yield of around 14% to potential investors in its new secured bond, the latest example of a company willing to pay up to refinance debt in a choppy market.

The movie theater chain is selling a $400 million high-yield bond to refinance term loans held by subsidiary Odeon Cinemas Group Ltd. Initial pricing discussions on the notes are for a coupon of around 12.75% and a price of 95 cents to 96 cents on the dollar, according to a person with knowledge of the matter.

Leawood, Kansas-based AMC aims to push out maturities ...