Shares in AMC Entertainment Holdings Inc. (AMC) jumped 12% in extended market trading amid a report that the cash-strapped U.S. theater chain is about to strike a restructuring deal to avoid filing for bankruptcy.The stock rose to $4.61 in Tuesday’s after-market trading. The proposed deal, which is expected to be disclosed in coming days, would see bondholders providing a $200 million senior loan to swap their unsecured claims at a discount for new, second-lien debt, according to a report by the Wall Street Journal. Private-equity firm Silver Lake Group LLC, which has a representative on the company’s board and owns …read more
Source:: Yahoo Finance
