AMC Bonds Fall After Company Unveils Debt Restructuring Plans

AMC Entertainment Holdings Inc. bonds are falling in the US high-yield market after the movie theater operator said it would restructure more than $1.6 billion of its debt to extend maturities.

• AMC’s 7.5% note due 2029 fell 2 cents on the dollar to 65 cents as of 4:58 p.m. in New York
• Its 10% bond due 2026 dropped 1 cent to 88.5 cents
  • AMC is using new term loans to repurchase $100 million of the 10% bonds
• AMC didn’t immediately respond to a request for comment

To contact the reporter on this story:
Jessica Nix in New York at jnix20@bloomberg.net ...