AMC Entertainment to repay term loan, notes with stock IPO proceeds

By Sara Rosenberg

New York, March 14 - AMC Entertainment Inc. plans on paying down $207.2 million of its term loan debt due June 13, 2012 using proceeds from an initial public offering of common stock and cash on hand, according to an S-1 filed with the Securities and Exchange Commission on Monday.

Remaining proceeds will be used to retire $300 million of 8% senior subordinated notes due 2014 and to pay a $26.1 million lump sum payment to the company's sponsors.

AMC Entertainment is a Kansas City, Mo.-based theatrical exhibition and entertainment company.

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