AMC Entertainment Inks Equity Distribution Agreement

Register, or to view the article

On November 10, 2020, AMC Entertainment Holdings, Inc. entered into an equity distribution agreement with Goldman Sachs & Co. LLC and B. Riley Securities, Inc., as sales agents, to sell up to 20,000,000 shares of Class A common stock, par value $0.01 per share, of the Company from time to time, through an “at-the-market” offering program, according to a Form 8-K release.

The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement for general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of existing indebtedness or working capital, capital expenditures and other investments.

Read more Bankruptcy News