Jill Goldsmith Co-Business EditorAMC Entertainment announced Monday it’s officially concluded a complex, and controversial, restructuring of approximately $2.6 billion of its debt that included an exchange and fresh capital raise.The news came as iyd new distribution deal with Universal Pictures continues to roil the industry.Holders of more than 87% of senior subordinated notes participated in an exchange into new notes, and all of bondholder Silver Lake’s convertible notes were also restructured.
As part of the transactions, a group of noteholders and Silver Lake provided AMC with additional liquidity.As a result, the debt load of the nationa’s largest exhibitor has been reduced by $553 million and the company will get some $355 to $415.
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