| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AMC Entertainment Inc. > News item |
Fitch: No change for AMC Entertainment
Fitch Ratings said it believes the acquisition of Kerasotes Theaters by AMC Entertainment Inc. could be at least leverage neutral for AMC. Fitch said it does not expect AMC's rating to be affected by the acquisition.
While there could be some need to divest theaters in Illinois due to the AMC existing presence in the state, Fitch said it believes the number of theater divestures could be small.
As of Oct. 1, AMC has adequate liquidity supported by cash of $440 million and $185 million in availability under its $200 million committed revolving credit facility, the agency said.
The company's maturity schedule is manageable, Fitch added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.