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Benzinga
Benzinga
Business
Eva Mathew

AMC Entertainment Slashes $40 Million Debt As CEO Hails Strongest Box Office In 5 Years, Recovery Picks Up Steam

New,York,,Usa,-,September,14,,2023:,Amc,Sign,Near

AMC Entertainment Holdings Inc. (NYSE:AMC) said on Wednesday that it had cut debt by about $40 million as part of a refinancing agreement announced in July.

This move, which did not involve issuing new shares or using cash, brought down the movie theater operator’s total debt by $183 million, as it recovers from the pandemic slump.

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