[ad_1]
Shares of AMC Entertainment Holdings Inc. AMC,
climbed 28.2% on very high volume on Tuesday, after the struggling cinema operator revealed it had raised $ 100 million through first lien, guaranteed tickets due 2026. Trading volume climbed to 206.3 million shares, enough to make the NYSE, and more than six times the full-day average over the past 30 days of roughly 33.4 million shares. The stock is now up 51.0% since it closed at a record high of $ 1.98 on Jan.5. AMC said the $ 100 million in notes would bear interest at a rate of 15% per annum. Interest for the first three interest periods after the issue date may be paid in the form of interest in kind at the rate of 17% per annum. The company can redeem up to 35% of the principal amount of the notes using the proceeds of the equity issuances no later than January 15, 2023. Despite recent gains, the stock has lost another 15.6% over the three months and fell 59.0% in the past 12 months, while the S&P 500 SPX,
has gained 14.2% over the past year.
[ad_2]
Source link