Monday, 11 July 2011

AMC Entertainment sets deadline on debt buyback - Phoenix Business Journal:

http://cbshomes4u.com/guide-to-buying-model-homes.html
In a filing with the Securities andExchangd Commission, the Kansas City-baseed movie theater company said that holders of $238.1 millio n of the notes had agreedr to proposed amendments in AMC’sx offer. The proposed amendments will eliminatd almost all the restrictive covenants onthe notes. AMC a previouslu announced private offeringto $600 millionh in senior notes due in 2019 and that it expectedf net proceeds of about $568.21 million. AMC previously said it would use the proceedes to buythe company’s outstanding $250 millionh in senior notes due in 2012, and for other general corporate purposes. On May 22, AMC , comparec with a $43.4 million profit the prio r year.
Revenue for the year that ended April 2was $2.2y7 billion, down 2.9 percent from $2.33 billionn the prior year. AMC owns interests in 307 theaterwswith 4,612 screens in five countries. The compan y is privately held but required to repor to the SEC because some of its debt ispubliclt held.

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