AMC Entertainment Holdings Inc.

03/06/2026 | Press release | Distributed by Public on 03/06/2026 16:19

AMC ENTERTAINMENT HOLDINGS, INC. ANNOUNCES COMMITMENT LETTER WITH RESPECT TO REFINANCING OF ITS ODEON NOTES (Form 8-K)

AMC ENTERTAINMENT HOLDINGS, INC. ANNOUNCES

COMMITMENT LETTER WITH RESPECT TO REFINANCING OF ITS ODEON NOTES

LEAWOOD, KANSAS - March 6, 2026: AMC Entertainment Holdings, Inc. (NYSE: AMC) (the "Company," or "AMC"), announced today that the Company, together with its wholly-owned subsidiary Odeon Finco PLC ("Odeon"), have entered into a commitment letter with Deutsche Bank AG New York Branch providing for a new senior secured credit facility of Odeon in an aggregate principal amount of up to $425,000,000 (the "Odeon Credit Facility"). Odeon intends to use the proceeds of the Odeon Credit Facility, if consummated, to refinance its existing 12.750% Senior Secured Notes due 2027 (the "Odeon Notes") and pay related fees and expenses. The Odeon Credit Facility is expected to strengthen the Company's balance sheet, extend debt maturities, and reduce interest rates while preserving flexibility to streamline and simplify the capital structure. In connection with entering into the commitment letter, the Company has decided not to proceed with its previously announced offering of senior notes and new term loan facility at this time.

The Odeon Credit Facility is expected to consist of a senior secured term loan due 2031, with a fixed 10.50% interest rate and is expected to be issued with 2.00% original issue discount. The final terms of the Odeon Credit Facility, including the senior secured term loan, will be subject to execution of definitive credit documentation and the satisfaction of customary closing conditions. The Odeon Credit Facility is expected to close on or before April 6, 2026.

About AMC Entertainment Holdings, Inc.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 855 theatres and 9,640 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming.

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