AMC’s Sudden Surge Makes Winners of Silver Lake, Mudrick
- Oaktree, Centerbridge led recent 400 million pound loan to AMC
- Silver Lake plans to convert its bonds into shares after rally
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The populist equity-market uprising that has fueled triple-digit gains for AMC Entertainment Holdings Inc. and other stocks is spurring big returns for established credit investors like Silver Lake Management and Mudrick Capital Management.
Those firms, along with others including Oaktree Capital and Centerbridge Partners have provided hundreds of millions of dollars in financing to the troubled theater chain in recent months as it has struggled to stay afloat amid the pandemic. Now, some are cashing in.