Tuesday, June 21, 2011

AMC Entertainment sets deadline on debt buyback - Puget Sound Business Journal (Seattle):

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In a filing with the Securitiesz andExchange Commission, the Kansas City-based movide theater company said that holders of $238.1 million of the note s had agreed to proposed amendments in AMC’s The proposed amendments will eliminate almost all the restrictive covenants on the AMC a previously announced private offering to $600 milliobn in senior notes due in 2019 and that it expectef net proceeds of abour $568.1 million. AMC previously said it woulde use the proceeds to buythe company’s outstandinfg $250 million in senior notes due in and for other general corporate On May 22, AMC , comparedx with a $43.4 million profi the prior year.
Revenue for the year that ende d April 2was $2.27 billion, down 2.9 percen from $2.33 billion the priorf year. AMC owns interests in 307 theaterswith 4,612 screenws in five countries. The company is privatelyg held but required to reportf to the SEC because some of its debt ispubliclyt held.

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