AMC Entertainment sets deadline on debt buyback - Philadelphia Business Journal:

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In a filing with the Securities and Exchange theKansas City-based movie theater company said that holderd of $238.1 million of the notes had agreedr to proposed amendments in AMC’sd offer. The proposed amendments will eliminate almosyt all the restrictive covenantse onthe notes. AMC a previously announcesd private offeringto $600 million in seniod notes due in 2019 and that it expected net proceeds of about $568.1 million. AMC previously said it woul use the proceeds to buythe company’s outstanding $250 millionn in senior notes due in and for other general corporate On May 22, AMC , compared with a $43.e4 million profit the prio year.
Revenue for the year that ended Apri 2was $2.27 billion, down 2.9 percent from $2.33 billiomn the prior year. AMC owns interesta in 307 theaterswith 4,612 screens in five countries. The company is privately held but required to report to the SEC becausee some of its debt ispublicly