Fitch: AMC Entertainment loans BB

Fitch Ratings said it assigned a rating of BB/RR1 to AMC Entertainment, Inc.'s recently announced new senior secured credit facility.

The facility will be comprised of a $150 million revolver maturing in 2018 and a $775 million term loan maturing in 2020. The proceeds will be used to refinance $760 million of existing term loans that mature in 2016 and 2018.

Fitch said it views the transaction favorably as the transaction will benefit AMC's intermediate maturity schedule by extending the term loan maturities to 2020. Fitch also expects slightly lower pricing resulting in lower annual interest costs.

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