AMC Entertainment to pay down term loan via IPO proceeds

By Jennifer Chiou

New York, Sept. 12 - AMC Entertainment Inc. intends to pay all amounts outstanding under its parent term loan facility using proceeds from a proposed initial public offering of common stock, according to an S-1 filing with the Securities and Exchange Commission.

Remaining proceeds are slated for a lump sum payment of $38.7 million for a fee agreement and for general corporate purposes.

AMC is a Kansas City, Mo., theatrical exhibition company.

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