AMC Entertainment Holdings Inc. (AMC) plans to raise $500 million in debt to build up sufficient liquidity to withstand a global suspension of operations until a potential reopening of its movie theaters ahead of Thanksgiving on Nov. 26, if necessary.The debt offering is expected to close on April 24, 2020, subject to customary closing conditions. Since mid-March, AMC Entertainment has been forced to close its movie theaters worldwide and temporarily suspend operations through the end of June as a result of the global lockdowns triggered by the coronavirus outbreak. During this period, the cash-strapped U.S. theater chain will generate …read more
Source:: Yahoo Finance
