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0.0053225806451613 0.00102150537634409 0.00521505376344088 0.0106989247311828 0.0106451612903226 0.00548387096774193 0.00537634408602151 0.00537634408602151
Stock impact report

AMC Entertainment Holdings, Inc. Subsidiary Odeon Finco PLC Announces Closing of $425 Million Term Loan

AMC Entertainment Holdings, Inc. Class A (AMC) 
NASDAQ:AMEX Investor Relations: investor.amctheatres.com
Company Research Source: Business Wire
LEAWOOD, Kan.--(BUSINESS WIRE)--Odeon Finco PLC (“Odeon”), a wholly-owned subsidiary of Odeon Cinemas Group Limited (“OCGL”) and AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC”), announced today that it has entered into a Credit Agreement with Deutsche Bank AG New York Branch and borrowed $425.0 million of new first lien 10.50% term loan due 2031 (the “Odeon Term Loan”).The proceeds from the Odeon Term Loan were used to fund the previously announced full redemption of Odeon’s outstanding 12.750% Senior Secured Notes due 2027 (the “Odeon Notes”) and to pay related fees, costs, premiums, and expenses.Commenting on the closing of the Odeon Term Loan, AMC Chairman and CEO, Adam Aron said, “With this transaction, AMC has once again taken decisive action to strengthen our financial position by extending our debt maturities by four full years, while simultaneously reducing our annual cash interest expense. I would like to thank all of our lenders who continue their staunch support of Show less Read more
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