AMC Entertainment has rejiggered is board, announcing the election of two new directors and one who is exiting. The former Sundance Institute chief and Miramax production president Keri Putman, a big advocate for independent film, as well as Dee Clark, who has worked in information technology at Hasbro, Mattel, Warner Music and Apple, will join
Silver Lake
Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate. CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single largest shareholder. Wanda
AMC Entertainment Friday announced a debt restructuring that it said would “prove highly beneficial to the company and its shareholders.” The deal will reduce the principal amount of its total debt liabilities, extend the maturities of a significant percentage of outstanding debt, reduce cash interest expenses, and boost its cash and liquidity position to help
EXCLUSIVE: The nation’s largest theater chain AMC Entertainment is finalizing a deal with bondholders that would slash debt by up to $600 million, bring in $200 million in fresh cash and give it a lifeline into 2021, Deadline has learned. A $500 million bond sale in April as the coronavirus kicked the nation’s economy into