AMC Entertainment Closes $200 Million Offering, Redeems High-Interest Notes to Bolster Balance Sheet

AMC Entertainment Holdings, Inc. (NYSE: AMC) announced the closing of a registered direct offering of 95.25 million shares of common stock, generating approximately $200 million in gross proceeds before fees and expenses. The company plans to use the proceeds primarily to redeem all of its $125.47 million 6.125% Senior Subordinated Notes due 2027, eliminating any anticipated material debt principal repayments before 2029.

This strategic move is expected to reduce annual cash interest expense by approximately $7.7 million, enhancing AMC's financial position and supporting growth-oriented capital investments. The remaining proceeds will be used for general corporate purposes, strengthening cash reserves, and funding targeted investments in seating upgrades and premium screens at select higher-grossing theaters.

AMC, the largest movie exhibition company in the United States, Europe, and the world, operates approximately 850 theaters and 9,600 screens globally. The company has driven innovation in the exhibition industry through its Signature power-recliner seats, enhanced food and beverage options, loyalty and subscription programs, and premium large format experiences. By playing a wide variety of content including Hollywood releases and independent programming, AMC continues to attract diverse audiences.

The debt reduction and strengthened cash position provide AMC with greater financial flexibility to navigate the evolving entertainment landscape. For investors and industry observers, this move signals AMC's commitment to improving its balance sheet and investing in high-return opportunities. The elimination of near-term debt maturities reduces refinancing risk and positions the company for potential growth in the post-pandemic era.

For more information about AMC Entertainment, visit www.amctheatres.com.