AMC Drops Over 8% Following Debt Refinancing Plan

AMC shares fell after the company announced a deal with creditors aimed at improving its balance sheet, according to Benzinga. The agreement includes support from holders of a majority of its 2029 and 2030 secured notes, as well as some term loan lenders. AMC will receive about $223.3 million in new financing to help refinance debt due in 2026. AMC CEO Adam Aron said the agreement marks a key strategic step in strengthening the company’s finances and advancing its post-pandemic recovery. AMC expects its strongest box office performance in five years, with ongoing growth into 2026. AMC shares have dropped about 27.5% year-to-date and nearly 45% over the past year.