05.05.2023, 14:03
Balance Sheet, Cash and Liquidity
During the first quarter 2023, AMC:
• Repurchased $99.4 million aggregate principal amounts of the Second Lien Notes due 2026 for $54.8 million or a45% discount.
• Repurchased $4.1 million aggregate principal amount of the 5.875% Senior Subordinated Notes due 2026 for $1.7 million, or a 59% discount.
• Issued approximately 91.0 million shares of APE units on a private basis to extinguish $100.0 million aggregate principal amount of the Company’s 10%/12% Cash/PIK Toggle Second Lien Notes due 2026.
• Raised $75.1 million through the private sale of approximately 106.6 million APE Units.
• Received $30 million from Saudi Entertainment Ventures, AMC’s Saudi joint venture partner, as AMC begins to transition from a management and investment role to a pure licensing relationship.
Cash at March 31, 2023 was $495.6 million excluding restricted cash of $23.1 million. AMC currently has liquidity availability of $703.7 million (including cash and undrawn capacity under the Company’s revolving credit facility).
Financial Performance - Quarterly Results | AMC Theatres
During the first quarter 2023, AMC:
• Repurchased $99.4 million aggregate principal amounts of the Second Lien Notes due 2026 for $54.8 million or a45% discount.
• Repurchased $4.1 million aggregate principal amount of the 5.875% Senior Subordinated Notes due 2026 for $1.7 million, or a 59% discount.
• Issued approximately 91.0 million shares of APE units on a private basis to extinguish $100.0 million aggregate principal amount of the Company’s 10%/12% Cash/PIK Toggle Second Lien Notes due 2026.
• Raised $75.1 million through the private sale of approximately 106.6 million APE Units.
• Received $30 million from Saudi Entertainment Ventures, AMC’s Saudi joint venture partner, as AMC begins to transition from a management and investment role to a pure licensing relationship.
Cash at March 31, 2023 was $495.6 million excluding restricted cash of $23.1 million. AMC currently has liquidity availability of $703.7 million (including cash and undrawn capacity under the Company’s revolving credit facility).
Financial Performance - Quarterly Results | AMC Theatres
