By Walt Hickey Cue Trailers AMC Theaters announced Monday that they have raised $917 million in financing since December 14, a pool of funds that should keep the cinema alive through this summer. Just over half comes from a sale of 164.7 million shares, while another $411 million is from debt that’s due to be paid up by 2023. Right now 438 of AMC’s 593 locations in the United States are open, but among the ones that remain closed are locations in the major domestic markets of New York City and Los Angeles. Regardless of where doors may be open, attendance is down 92.3 percent compared to 2019. That all said, the near-billion rainy day fund is enough to pay AMC’s leases through July.
Numlock News: January 26, 2021 • Venom…
By Walt Hickey Cue Trailers AMC Theaters announced Monday that they have raised $917 million in financing since December 14, a pool of funds that should keep the cinema alive through this summer. Just over half comes from a sale of 164.7 million shares, while another $411 million is from debt that’s due to be paid up by 2023. Right now 438 of AMC’s 593 locations in the United States are open, but among the ones that remain closed are locations in the major domestic markets of New York City and Los Angeles. Regardless of where doors may be open, attendance is down 92.3 percent compared to 2019. That all said, the near-billion rainy day fund is enough to pay AMC’s leases through July.
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.