AMC Starts Talks With Lenders to Cut Debt, Extend Maturities
- The company is holding confidential talks with some lenders
- Theater chain has nearly $3 billion of debt coming due in 2026
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AMC Entertainment Holdings Inc. is holding confidential talks with some of its lenders about lowering its debt load and extending near-term maturities, according to people with knowledge of the matter.
The discussions come as AMC, the world’s largest movie theater chain, is staring down a debt load of about $4.5 billion of long-term borrowings. As of March 31, it had more than $2.8 billion of maturities due in 2026, according to regulatory filings, including a $1.9 billion term loan and nearly $1 billion of second-lien notes.