Things continue to look grim for AMC Theatres in the long run, but the company was just thrown a lifeline and has avoided bankruptcy.
The company is said to have been trying to make a deal with its bondholders for weeks, seeking to swap debt at a discount.
The good news for AMC is that its shares were up once reports of this deal surfaced.
It would have bondholders provide a $200 million loan and would swap out “their unsecured claims at a discount.”
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