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…
Has AMC Entertainment Stock Reached the Bottom Yet?
AMC Entertainment stock closed at $6.12 on Tuesday. The movie theatre chain stock was unable to break below $6 after a big support level was tested at least five times. Does this signify AMC Entertainment stock has reached the bottom? It’s…
How High Can APE Stock Go?
AMC’s Preferred Equity (APE stock) has made it available for the company to raise cash instantaneously. The company announced in September it would sell up to 425 million APE shares to pay down their debt. AMC Entertainment has steadily improved…
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…
