AMC Bond Rises in High-Yield Trading Ahead of Coupon Payment

AMC Entertainment Holdings bond climbed in high-yield secondary trading Tuesday ahead of its June 15 coupon payment on its second-lien notes.

• The movie theater company’s 10% bond maturing June 2026 gained 2.062 cents on the dollar to more than 71.3 cents as of 1:49 p.m. in New York, according to Trace data
• The company was upgraded from selective default by S&P in February after swapping $100 million of its second-lien notes due in 2026 for preferred equity; shareholders approve an increase to common shares

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