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Benzinga
Benzinga
Business
Chris Katje

The Financial Decision Behind AMC Entertainment's Wednesday Stock Move

Movie theater company AMC Entertainment Holdings (NYSE:AMC) announced the repurchase of debt Wednesday in a move that could improve the company’s financials going forward.

What Happened: AMC Entertainment Holdings announced Wednesday it repurchased $72.5 million of 10% second lien subordinated secured notes due 2026 on the open market. The purchase was made in the second quarter, which ended June 30, 2022.

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