AMC Entertainment Vorzugsaktie

AMC Entertainment Holdings posted record results in the second quarter: revenue rose 14.2% to $1.6 billion and adjusted EBITDA climbed 69.6% to $321.4 million, topping $300 million in a quarter for the first time. Adjusted earnings per share were $0.14 versus an expected loss of $0.02, sending the stock sharply higher in premarket trading. U.S. and international box-office markets increased; the adjusted EBITDA margin expanded to 20.1%. Free cash flow amounted to $190.1 million and cash rose to $778.4 million. » Altro su finanzen.net

AMC is placing 95.25 million new common shares and will raise roughly $200 million gross. The proceeds are intended primarily to repay subordinated notes of $125.5 million, as well as to cover fees and general corporate purposes. The share count will increase by just over 15%, after which the stock fell as much as about 24% in premarket trading. The placement is expected to close on June 24, despite recently strong attendance at its cinemas. » Altro su finanzen.net

AMC said its subsidiary Odeon Finco PLC has entered into a first‑lien secured loan of $425 million with Deutsche Bank’s New York branch. The loan matures in 2031 at 10.50% and is intended to fully repay Odeon’s senior secured bonds (coupon 12.75%) and cover related costs. The transaction extends maturities by four years, reduces annual interest expense, essentially uses the same collateral as the repaid bonds, and does not burden AMC with additional secured guarantees. AMC still carries high total debt ($8.1 billion) and a low liquidity ratio (current ratio 0.41); Odeon bonds will be delisted. » Altro su de.investing.com