AMC’s Deutsche Bank Loan Rewards Market Return Within Year (1)

AMC Entertainment Holdings Inc. turned to an existing creditor to refinance debt after turbulence in public markets derailed a planned bond and loan sale — though the deal includes incentives to bring it back to investors before long.

The cinema chain operator on Friday unveiled an agreement with Deutsche Bank AG’s Distressed Products Group for a $425 million senior secured credit facility to repay its Odeon unit’s 12.75% notes due in November 2027. As a result, AMC shelved an offering of about $2.5 billion in debt that would also have refinanced its Muvico unit’s $2 billion loan maturing in ...