AMC completes $244 million refinancing to address 2026 debt maturities

AMC Entertainment Holdings Inc. (NYSE: AMC) completed debt refinancing transactions that provide $244 million in new financing and convert $143 million of existing debt to equity, according to a company statement.

The refinancing received support from approximately 90% of the company's term loan lenders. The $244 million in new financing will be used primarily to redeem AMC's 5.875% Senior Subordinated Notes and 10.0%/12.0% Cash/PIK Toggle Second Lien Subordinated Secured Notes, both due in 2026.

The transactions included an exchange where holders of AMC's 7.5% Senior Secured Notes due 2029 provided the new financing and exchanged $590 million of existing notes for $857 million of new Senior Secured Notes due 2029. Additionally, $143 million of AMC's 6.00%/8.00% Senior Secured Exchangeable Notes due 2030 were converted to equity, with potential to convert up to $337 million of existing debt.

The refinancing also resolved litigation with holders of AMC's 7.5% Senior Secured Notes due 2029. The transactions were executed under a Transaction Support Agreement dated July 1, 2025.

"With the closing of these transformative transactions and the full redemption of our 2026 debt maturities, AMC is unquestionably on offense," said Adam Aron, chairman and CEO of AMC.

AMC operates approximately 870 theaters and 9,700 screens globally, positioning itself as the largest movie exhibition company in the United States and Europe.

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