AMC Entertainment to redeem $35 million first-lien notes due 2026

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – AMC Entertainment Holdings, Inc. exercised its option to repurchase $35 million of its 15% cash/17% payment-in-kind toggle first-lien secured notes due 2026, according to a news release.

The total cost to exercise this repurchase option was $41.3 million, including principal and accrued interest.

“The repurchase of some of our highest cost debt is one of the many steps that we are taking to optimally position AMC for the future,” Adam Aron, AMC’s chairman and chief executive officer, said in the release.

AMC is a New York-based entertainment company.

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