Struggling AMC Entertainment said early Monday it has raised or signed commitments for $917 million including additional financing since December, calling it “enough cash to “make it through this dark, coronavirus-impacted winter.”“This means that any talk of an imminent bankruptcy for AMC is completely off the table,” said CEO Adam Aron in a statement.It was striking news after months of uncertainty as to whether the nation’s largest cinema chain could continue as a going concern.
Shares were up 33% at $67 in pre-market trading.AMC said that it raised $506 million of equity, from the issuance of $164.7 million new common shares.
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