Friday, March 9, 2012

AMC Entertainment sets deadline on debt buyback - Denver Business Journal:

http://www.wateresources.org/2008/01/31/zimbabwe-power-water-cuts-ruining-women-in-business-mutasa/
In a filing with the Securitiezs andExchange Commission, the Kansas City-basedr movie theater company said that holdersa of $238.1 million of the notesw had agreed to proposed amendmentws in AMC’s offer. The proposexd amendments will eliminate almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in senior notes due in 2019 and that it expecterd net proceeds of about $568.1 million. AMC previouslyu said it would use the proceeds to buythe company’s outstanding $250 million in senior notexs due in 2012, and for othedr general corporate purposes. On May 22, AMC , compared with a $43.4 milliom profit the prior year.
Revenue for the year that endeds April 2was $2.27 billion, down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaterswith 4,612 screens in five countries. The company is privately held but required to report to the SEC becausde some of its debt ispublicly held.

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