LEAWOOD, KANSAS - (July 20, 2022) -- AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), the
largest theatrical exhibition company in the world, announced today that during the second quarter ended June
30, 2022 it strengthened its balance sheet by repurchasing approximately $72.5 million of its 10.0% Second Lien
Subordinated Secured Notes due 2026, through the open market, for approximately $50.0 million, representing a
31% discount to the face value of the debt. As a result of this debt reduction, AMC’s annual interest cost will
be reduced by $7.25 million.
Commenting on the debt repurchase, Adam Aron, AMC Chairman and CEO said, “Thanks to our passionate and
supportive shareholders who helped us build a war chest of cash, and in light of the continued recovery of
theatrical exhibition, we are very pleased to announce that the Company was able to repurchase more than $72
million of second lien debt at a significant and beneficial discount.”
Aron added, “This action is one more step along our recovery glidepath. We will continue to seek creative and
meaningful strategies to further strengthen our balance sheet and create value for our shareholders in the
future.”
About AMC Entertainment Holdings, Inc.
AMC is the largest movie exhibition company in the United States, the largest in Europe, and the largest
throughout the world with approximately 950 theatres and 10,500 screens across the globe. AMC has propelled
innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food
and beverage choices; generating greater guest engagement through its loyalty and subscription programs,
website, and mobile apps; offering premium large format experiences and playing a wide variety of content
including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.
Website Information
This press release, along with other news about AMC, is available at www.amctheatres.com. We routinely post information that may be important to investors in
the Investor Relations section of our website, www.investor.amctheatres.com. We use this website as a means of disclosing material,
non-public information and for complying with our disclosure obligations under Regulation FD, and we encourage
investors to consult that section of our website regularly for important information about AMC. The information
contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a
part of, this document. Investors interested in automatically receiving news and information when posted to our
website can also visit www.investor.amctheatres.com to sign up for email alerts.
Category: Company Release
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220720005029/en/
INVESTOR RELATIONS:
John Merriwether, 866-248-3872
InvestorRelations@amctheatres.com
MEDIA CONTACTS:
Ryan Noonan, (913) 213-2183
rnoonan@amctheatres.com
Source: AMC Entertainment Holdings, Inc.