AMC's meme stock windfall may help it pay down a massive debt load
Publishing timestamp: 2024-05-14 16:21:15
Summary
The return of "Roaring Kitty" has led to a surge in AMC shares, giving the movie theater chain a chance to tackle its substantial debt load. AMC has paid down nearly $1 billion of its debt in 2022, but still faces challenges with around $4.6 billion remaining. The recent surge in stock price presents an opportunity for AMC to raise equity funds and potentially secure better deals with lenders.
Sentiment: MIXED
Keywords: business, entertainment, movies, life, amc entertainment holdings inc, business news, gamestop corp, breaking news: business,