Now, AMC has revealed a new financial plan that has resulted in its stock prices recovering in a big way.
AMC intends to issue a $500 million debt sale, which will give it a lot more cash to get through this rough patch.
The big problem is that the company also has nearly $5 billion in debt, which has put it in serious risk of bankruptcy.
For the time being at least, AMC is clinging to life and looks to be there when the dust settles.
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