| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AMC Entertainment Holdings Inc. > News item |
AMC notes improve after more vaccine news; United Airlines eyed in travel sector
By James McCandless
San Antonio, Nov. 23 – Starting off a week that will be cut short by the Thanksgiving holiday, the distressed debt space again focused on entertainment and travel names.
AMC Entertainment Holdings, Inc.’s notes improved as more news about a potential coronavirus vaccine sparked optimism.
The 10½% notes due 2025 rose 2¾ points to close at 77½ bid. The 12% notes due 2026 grabbed 3¾ points to close at 21½ bid.
The Leawood, Kan.-based movie theater chain’s bonds were pushed higher after news broke that drug producer AstraZeneca had a Covid-19 vaccine that was “highly effective.”
After months of closures of its locations to thwart the spread of the disease, AMC has conducted systematic reopenings over the last few months.
Meanwhile, in the travel space, United Airlines Holdings, Inc.’s paper varied in direction as the company preps an equity raise.
The 5% senior paper due 2024 held level to close at 96¾ bid. The 4¼% senior notes due 2022 tacked on 1¾ points to close at 100 bid.
On Monday morning, the Chicago-based commercial airline company announced that it plans to raise about $1 billion in new capital.
In a filing with the Securities and Exchange Commission, the company said that it would sell 25.3 million shares.
© 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.