AMC Moves to Refinance With Bondholders After Strong Q2 Results

AMC AMC Entertainment Holdings Inc

$3.04 -1.30%

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1. 1AMC Entertainment (AMC) reported a sharp jump in Q2 revenue, sending shares up as much as 28% to around $2.50
2. 2Revenue climbed 14% year-over-year to $1.6 billion, a record high, and pre-tax profit also exceeded Wall Street expectations
3. 3S&P rates AMC at CCC+, and the price of its 15% coupon bonds issued last year has risen from 94 cents to above 109 cents, pushing the yield down to about 9.7%

Source Bloomberg · View original ↗

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