AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the Closing of First Lien Notes Offering and New Term Loan Facilities Totaling a $3.97 Billion Refinancing of Existing Debt

Debt Maturities Extended to 2031 and 2033LEAWOOD, Kan.--(BUSINESS WIRE)--$AMC--AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company” or “AMC”) announced today that it has successfully completed its previously announced refinancing of $3.97 billion of its existing debt, including the offering of $2,000 million aggregate principal amount of first lien notes due 2031 (the “Notes”) in a private offering (the “Offering”), borrowing of a new $850 million first lien term loan facility (the “New 1L Term Loan Facility”) and a new second lien term loan facility provided by Deutsche Bank Special Situations Group in an aggregate principal amount of $1,120 million (the “New 2L Term Loan Facility” and together with the New 1L Term Loan Facility, the “New Term Loan Facilities”). The Notes and New Term Loan Facilities are guaranteed on a senior secured basis by certain of the Company’s existing and future direct or indirect wholly-owned subsidiaries, including Muvico, LLC (“Muvico”), Odeon Cinemas Group Limited (“OCGL”) and certain subsidiaries of OCGL. The net proceeds from the Offering, together with the proceeds from the New Term Loan Facilities and cash on hand, have been and will be used to (i) fund the previously announced tender offer (the “Tender Offer”) of the Company’s outstanding 7.500% Senior Secured Notes due 2029 (the “AMC Secured Notes”) which settled concurrently with the Offering, (ii) fund the redemption (the “Redemption”) on or about February 15, 2027 of any AMC Secured Notes that were not tendered or accepted for purchase in the Tender Offer, (iii) fund the previously announced redemption in full of Muvico’s $903.4 million aggregate principal amount of Senior Secured Notes due 2029, (iv) repay in full the Company’s existing term loan facility, (v) repay in full the existing term loan facility of Odeon Finco PLC, a wholly-owned direct subsidiary of OCGL and an indirect subsidiary of AMC, and (vi) pay related fees, costs, premiums and expenses in connection with such transactions. Commenting on the closing of the Offering and the New Term Loan Facilities, AMC Chairman and CEO Adam Aron said, “This transaction marks for all to plainly see a significant milestone for AMC. With this now-completed comprehensive refinancing of approximately 97% of our debt, we have materially extended almost all our debt maturities until October of 2031 and October of 2033, simplified our capital structure and reduced our cost of capital. AMC is now well positioned to thrive, as we welcome millions and millions of guests each and every week to our theatres throughout the world.” Aron continued, “The bold and creative capital markets actions we have implemented in recent years, paired with a resurgent box office and our impressive operating performance, have resulted in a substantial reduction in financial leverage and a stronger balance sheet. Recent corporate or instrument credit ratings upgrades, by all three major credit rating agencies, clearly reflect AMC’s considerable progress on this score.” Aron highlighted, “It is so immensely satisfying to us how deftly AMC has navigated these uncharted waters of the past six-plus years. Since 2020, AMC has paid down a total of nearly $2 billion of our long-term debt and COVID-related lease deferrals and has extended the maturity of what is in our view a manageable remaining debt-load of approximately $4 billion to 2031 and 2033. This is nothing less than a triumph for AMC.” Aron added, “We extend sincere thanks to all of our lenders, most notably Deutsche Bank Special Situations Group for their participation in this ambitious transaction. Our investment banking partners, particularly including Wells Fargo Securities, Deutsche Bank Securities, Citigroup, and Goldman Sachs & Co. LLC, and our advisors, including Moelis & Company LLC and Weil, Gotshal & Manges LLP who have for years now brilliantly showcased their unique skills. Additionally, their confidence, support, and commitment to AMC have been crucial to the demonstrable progress that AMC has made in the tumultuous times of the past several years.” Aron added, “This all has taken place against the backdrop of an increasingly robust box office, including an all-time record third quarter North American box office. Looking ahead, we are highly optimistic as well about our prospects for the remainder of this year. An exciting film slate awaits us, especially including the December releases of DUNE: PART THREE and AVENGERS: DOOMSDAY, promising to close 2026 on a high note and carry that 2026 momentum into 2027.” Aron concluded, “A growing box office, a more efficient balance sheet, combined with disciplined execution on our part, position AMC to capitalize on the significant operating leverage inherent in our business. With continued box office growth and successful execution of our strategy, we firmly expect AMC to considerably expand EBITDA, improve free cash flow and deliver meaningful long-term value for our stakeholders.” The Notes and related guarantees were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Tender Offer Results $355,515,000 aggregate principal amount of the AMC Secured Notes, representing approximately 98.8% of the $359,964,500 aggregate principal amount of AMC Secured Notes outstanding, were validly tendered and not validly withdrawn in the Tender Offer. The Company accepted for purchase all AMC Secured Notes validly tendered and not validly withdrawn and settled the Tender Offer on October 5, 2026. This press release does not constitute a notice of redemption of the AMC Secured Notes. Information concerning the terms and conditions of the redemption of AMC Secured Notes not tendered or accepted for purchase in the Tender Offer will be described in the notice of full redemption to be distributed to holders of the AMC Secured Notes by the trustee under the indenture governing the AMC Secured Notes. About AMC Entertainment Holdings, Inc. AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 850 theatres and 9,600 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. Forward-Looking StatementsRead the full story here

AMC Entertainment Holdings, Inc. Announces Results of Tender Offer, the Closing of First Lien Notes Offering and New Term Loan Facilities Totaling a $3.97 Billion Refinancing of Existing Debt

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