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Business Description

AMC (NYSE:AMC) is the largest movie theatre chain in the world. The Group operates well known brands such as ODEON in the UK, ‘Carmike’ in America and ‘Nordic’ in Northern Europe.

AMC has propelled innovation in the exhibition industry by: deploying more plush power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty program, web site and smart phone apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming.

AMC operates among the most productive theatres in the United States’ top markets, having the #1 or #2 market share positions in 22 of the 25 largest metropolitan areas of the United States. Through its Odeon subsidiary AMC operates in 14 European countries and is the # 1 theatre chain in Estonia, Finland, Italy, Latvia, Lithuania, Spain, Sweden and UK & Ireland.

Bond Information

Coupon
6.375%
15 Nov 2024

Exchanged On

07 Dec 2020

Previous Payment
15 Nov 2024
Interest Period
6 months
XS1512809606_EXCH
Unsecured
£3,986,000
S&P:  D
Moody's:  Caa2
Fitch:  WD
15 Nov 2019 at 104.781
15 Nov 2020 at 103.188
15 Nov 2021 at 101.594
15 Nov 2022 at 100
Status
Exchanged

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry
Entertainment, Media & Broadcasting
Country of Origin
USA
Year of Incorporation
1920
Ownership Status
Public

Key Financials

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Source: Public Company Information

Important News

28 Jan 2021

AMC Entertainment to issue 44.4 million shares as investors opt to convert $600 million of convertible debt

03 Aug 2020

AMC Completes Bond Exchange Offer

23 Jul 2020

AMC delays US reopening to August

21 Jul 2020

WiseAlpha voted for the exchange after a change in the terms and 99.2% support for the exchange from the rest of the 6.375% bondholders

29 Jun 2020

AMC revise opening of theatres to the 30th of July

19 Jun 2020

AMC to open theatres on the 15th of July

03 Jun 2020

AMC have put forward a voluntary exchange offer.

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Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.