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AMC Entertainment solicits proposals for new credit facility
By Sara Rosenberg
New York, Feb. 5 - AMC Entertainment Inc. is soliciting proposals to replace its $275 million credit facility that matures April 10, according to a 10-Q report filed with the Securities and Exchange Commission on Thursday.
"The total commitment will most likely be reduced from current levels and our objective is to maintain the current covenant structure," the filing said.
As of Jan. 1, there were no outstanding borrowings under the credit facility and borrowing capacity was about $263 million.
AMC is a Kansas City, Mo., theatrical exhibition company.
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