Amc Entmt Hldgs Inc Stock Price, News & Analysis

AMC Theatres has announced the acquisition and reopening of the AMC Evanston 12 cinema, previously operated by Cinemark, in the Chicago area later this year. This addition strengthens AMC's presence in key markets, joining existing locations in Los Angeles, San Diego, Washington D.C., and Chicago. AMC's CEO, Adam Aron, emphasized the importance of this strategic acquisition, noting that recent acquisitions have seen strong performance. The theatre will offer popular amenities, including AMC Stubs loyalty programs.

AMC Entertainment Holdings, Inc. (NYSE: AMC) has successfully completed a private offering of $950 million in senior secured notes due 2029. The proceeds will be used to redeem higher-interest debt including $500 million in first lien notes due 2025 and $300 million in notes due 2026. CEO Adam Aron stated this marks a significant step in lowering interest expenses and extending debt maturities. The firm aims to enhance financial flexibility as part of its recovery from the pandemic, indicating a focus on improving its balance sheet and operational agility.

Sandoval Studios and K-LOVE Films are launching the documentary THE CASE FOR HEAVEN, which will premiere in theaters from April 4 to April 6, 2022. This film, directed by Mani Sandoval, is based on Lee Strobel's best-selling book and delves into the mysteries of life after death, including experiences tied to Near-Death Experiences. The documentary features prominent figures like Francis Chan and John Burke and aims to provide compelling evidence for the afterlife. Tickets are available via the film's official website.

Never Forget Tibet: The Dalai Lama's Untold Story is a feature-length documentary premiering on March 31, 2022, marking the 63rd anniversary of the Dalai Lama's escape from Tibet. This film, created by Compassionate Films, features exclusive accounts from the Dalai Lama and political officer Har Mander Singh. It explores Tibetan culture, spirituality, and offers insights into pressing global issues like the climate crisis. Narrated by Hugh Bonneville and featuring music by Anouska Shankar, the event will include a unique opening ceremony and special short films.

AMC Theatres, the largest theatrical exhibitor globally, has appointed Ellen Copaken as Vice President of Growth Strategy, effective February 18. With over 20 years of experience in brand management at notable companies like Frito-Lay and Hostess Brands, she will spearhead AMC's expansion into the retail popcorn market. AMC aims to launch its AMC Perfectly Popcorn across various platforms, including mall kiosks and food delivery services, enhancing consumer access to its products beyond theaters. This initiative reflects AMC's strategic push for growth and innovation.

AMC Theatres (NYSE:AMC), the largest theatrical exhibitor globally, announced the acquisition of two high-profile locations in major markets: AMC UTC 14 in La Jolla, CA, set to open on February 10, and AMC Montgomery 16 in Bethesda, MD, expected in March. This move adds to the six former ArcLight/Pacific theaters acquired over the past year, including highly successful locations like AMC Americana at Brand 18. The strategic acquisitions aim to enhance market presence and capitalize on previously high-traffic theaters, ultimately boosting box office performance.

AMC Theatres is offering a limited-edition NFT to guests who purchase or reserve tickets for THE BATMAN by February 14 for showtimes through March 6. To qualify, tickets must be bought via AMCTheatres.com or the AMC mobile app, with a scan required in the theatre. The NFT codes will be sent on March 8 via email, and the NFT will be delivered by Palm NFT Studio. The film opens on March 4, with pre-release events available on March 1 and March 2.

AMC Entertainment has issued conditional notices to redeem $373.5 million of its senior secured notes due in 2026 on February 14, 2022. This decision coincides with a planned redemption of $500 million in notes due in 2025. The redemptions depend on completing a private offering of $950 million in senior secured notes due in 2029, which must yield at least $950 million in proceeds. This move positions AMC to potentially improve its financial standing while managing its existing debt obligations.

AMC Entertainment announced a successful upsizing of its private offering, now totaling $950.0 million in 7.500% first lien senior secured notes due 2029. This marks an increase of $450.0 million from prior estimates. The offering is set to close around February 14, 2022. Proceeds will be used to redeem existing secured notes, including $500.0 million of 10.500% notes due 2025 and $300.0 million due 2026. The notes are offered only to qualified institutional buyers and are not registered under the Securities Act.