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AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the Closing of First Lien Notes Offering and New Term Loan Facilities Totaling a $3.97 Billion Refinancing of Existing Debt

AMC
  • AMC Entertainment Holdings completed a $3.97 billion refinancing including $2 billion in first lien notes due 2031, an $850 million first lien term loan, & a $1.12 billion second lien term loan.
  • The new debt maturities extend AMC's obligations until October 2031 & October 2033.
  • Net proceeds funded the tender offer for 98.8% of outstanding 7.500% Senior Secured Notes due 2029, settled on October 5, 2026.
  • Remaining non-tendered notes totaling approximately $4.45 million will be redeemed on or about February 15, 2027.
  • Proceeds also fully repaid Muvico's $903.4 million senior secured notes due 2029, the existing term loan facility, & Odeon Finco PLC's term loan.
  • CEO Adam Aron stated the transaction reduced financial leverage, simplified the capital structure, & lowered the cost of capital.
  • AMC has paid down nearly $2 billion of long-term debt & lease deferrals since 2020.
  • All three major credit rating agencies have recently upgraded AMC's corporate or instrument credit ratings.
  • The company anticipates strong 2026 results driven by a robust box office & upcoming releases including DUNE: PART THREE & AVENGERS: DOOMSDAY in December.
  • The new notes were offered to qualified institutional buyers under Rule 144A & to non-U.S. investors under Regulation S.
  • The company expects to expand EBITDA, improve free cash flow, & deliver long-term value through increased operating leverage.