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LEAWOOD, Kan. , February 4, 2022–(BUSINESS WIRE)–AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company”), announced that it has issued conditional redemption notices (the “Notices”) to the respective trustees of the Company’s two series of 10. 500% Senior Covered Bonds, due 2026, and the Company’s 15%/17%/PIK Toggle Senior Cash Covered Bonds, due 2026 (collectively, “Existing Tickets”).
The Notices provide for the redemption of the notable total principal amount of $373. 5 million of the existing Bonds (the “Redemptions”) on February 14, 2022 (the “Redemption Date”), along with the payment announced in the past of $500. 0 million in principal amount from the Company’s 10,500% senior secured notes, due 2025. Repurchases will be conditional, among other requirements, on the final touch of the personal offering announced by the Company in the past for a total capital amount of $950. 0 million of 7,500% Senior Secured Bonds, maturing in 2029, which will have generated overall gross income for the Company of at least $950. 0 million.
This press release does not constitute a realization of redemption of the Existing Bonds. Information relating to redemption terms and situations is described in the Notices distributed to holders of Existing Bonds through the respective trustees under the laws governing the Existing Bonds.
This press release constitutes an offer to sell or the solicitation of an offer to buy securities and constitutes an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. .
About AMC Entertainment Holdings, Inc.
AMC is the largest film exhibition company in the United States, the largest in Europe and the largest in the world, with approximately 950 theaters and 10,500 screens worldwide. AMC has driven innovation in the exhibition industry by: implementing its Signature electric reclining seats; the offering took a step forward in food and beverage options; Generate greater visitor engagement through its loyalty and subscription programs and mobile apps; providing high-level reports in large format and broadcasting a wide variety of content, adding the most recent Hollywood premieres and independent programming.
Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the federal securities laws. Statements that are not forward-looking statements, that add statements about AMC’s trusts and expectations, are forward-looking statements. In many cases, those forward-looking ideas can be known by using words like “will”, “possibly”, “may also just”, “would”, “should”, “believe”, “expect”, “ anticipates”, “estimates”, “intends”, “indicates”, “projects”, “goals”, “objectives”, “goal”, “predicts”, “plans”, “seeks” and diversifications of such words and similar expressions . Examples of forward-looking statements come with statements we make in relation to any potential supply, the effect of COVID-19, long-term traffic levels, the adequacy of our cash flow, compliance with our deal limits, and our liquidity. Any prospect speaks only from the date it is made. Such forward-looking statements may include, among other things, statements regarding AMC’s future expectations regarding the functionality of its business, the effects on financial resources, liquidity and capital resources, as well as the effect on its business. and monetary condition and actions taken in reaction to the COVID-19 virus, and are based on data held at the time the s and/or reliance on intelligent religious control at the time with respect to events long-term, and are subject to threats, trends, uncertainties, and other facts that may also cause actual effects or functionality to differ materially from those expressed or implied by any forward-looking emails. These threats and uncertainties come with, but are not limited to, the following: threats and uncertainties related to the adequacy of our existing money and money equivalents and borrowing capacity to meet minimum liquidity and funding under our covenants similar to loans under our Revolving Credit Facility, fund operations and meet obligations, adding cash outflows for deferred contracts and planned short- and long-term capital expenditures. next twelve months; The effect of the variant stresses of COVID-19 on us, the film industry and the economy in general, adding our reaction to the variant stresses of COVID-19, such as the suspension of operations in our theaters, discounts for staff and other fee discounting measures and measures to maintain mandated liquidity and expense increases similar to precautionary measures at our facilities to protect the health and well-being of our consumers and employees; the seasonality of our earnings and operating capital, which depend on the timing of film releases through distributors, such releases being seasonal and resulting in higher attendance and earnings at times during the summer months and the fourth quarter of our exercise; threats and uncertainties related to our significant indebtedness, including our loans and our ability to meet our monetary support and other covenants; our ability to factor the Notes or complete redemptions and the Offer on favorable terms, if any; reduction of exclusive theatrical release windows; certain provisions in the agreements governing our indebtedness could possibly limit our ability to take advantage of certain business opportunities and limit or limit our ability to pay dividends; threats related to impairment, aggregating with respect to smartwill and other intangible assets, and movies and other final charges; movie production and functionality threats; our lack of control over film distributors; intense party in the geographical spaces in which we operate; increased use of movie delivery choice strategies, adding premium video on demand or other entertainment bureaucracy; general and foreign economic, political, regulatory, social and monetary conditions, inflation and other threats, including the effects of the United Kingdom’s departure from the European Union; limitations in the availability of capital or poor monetary effects could prevent us from deploying strategic initiatives; our ability to refinance our debt on terms favorable to us or not at all; our ability to optimize our theater circuit through new construction, transformation of our existing theaters and strategic closure of underperforming theaters may be subject to unforeseen delays and charges; AMC Stubs® A-List may not meet expected earnings projections, which may also have a negative effect on the effects of operations; and the threat that we may not generate enough cash flow to service our debt, adding the footnote contemplated here.
Category: Company Press Release
See the businesswire. com edition: https://www. businesswire. com/news/home/20220204005415/en/
Contacts
INVESTOR RELATIONS: John Merriwether, 866-248-3872InvestorRelations@amctheatres. com
MEDIA CONTACTS: Ryan Noonan, (913) 213-2183rnoonan@amctheatres. com