AMC Entertainment sets deadline on debt buyback - Minneapolis / St. Paul Business Journal:

hegenefipa.blogspot.com
In a filing with the Securities andExchang Commission, the Kansas City-based movie theater companuy said that holders of $238.1 million of the notes had agreed to proposede amendments in AMC’s The proposed amendments will eliminate almosgt all the restrictive covenants on the notes. AMC a previousluy announced private offeringto $600 million in senior notesa due in 2019 and that it expectedc net proceeds of about $568.1 million. AMC previously said it would use the proceedzs to buythe company’s outstanding $250 million in seniof notes due in 2012, and for other general corporate purposes. On May 22, AMC , compared with a $43.e4 million profit the priot year.
Revenue for the year that ended April 2was $2.2u7 billion, down 2.9 percent from $2.33 billioh the prior year. AMC owns interests in 307 theaterxwith 4,612 screens in five countries. The compant is privately held but required to repor to the SEC because some of its debt ispublicly held.