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AMC Rides Meme-Stock Wave to S&P Optimism Over Capital Structure

  • Theater chain raised more than $1 billion through equity sales
  • AMC has ‘path to a sustainable capital structure,’ S&P says
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AMC Entertainment Holdings Inc. gifted retail shareholders free popcorn. They in turn gave AMC a path to stability.

The movie theater operator has cashed in on its meme-stock status to raise some $1.25 billion through equity offerings in recent months. That, combined with an improving outlook for the movie industry, warranted a credit upgrade from S&P Global Ratings.