AMC Reduces Debt by $106 Million And Extends Maturities
AMC has reduced its debt load by $106 million and has extended its maturities until the year 2027. The company capitalized on APE to cut some debt off the top before taking on new debt due in five years from now. AMC has replaced $506 million due in 2023…
Is A Massive AMC Rebound Underway?
AMC Entertainment stock is respecting the $6 level of support very well. The stock rejected a breakout towards the downside five times on Tuesday. While the stock did end up below $6 on Wednesday, it began moving back towards the support level after…
Gary Vee’s ‘VeeFriends’ Partners Up With Toys”R”Us
Gary Vaynerchuk’s ‘VeeFriends’ is partnering up with Toys”R”Us and Macy’s for the new launch of limited edition plush collectible characters. The collection is converting actual digital ‘VeeFriends’ NFTs to…
APE Trades At $2 Despite Strong Shareholder Sentiment
APE shares have fallen from $7 to the current $2 price. AMC’s Preferred Equity reached 20.1 million in average volume but has been dropping by nearly half during this market downturn. Shareholders remain bullish despite the company announcing the…
AMC is Selling 425 Million APE to Pay Down Debt
AMC Entertainment is selling 425 million APE shares according to the movie theatre chain’s recent Form 8-K filings. CEO Adam Aron advised investors AMC’s Preferred Equity (APE) would provide the company with additional capital to pay down…