July 13, 2020 / 12:21 PM / 21 days ago

AMC reaches agreement with bondholders to reduce debt by up to $630 million

July 13 (Reuters) - AMC Entertainment Holdings Inc said on Monday it had reached an agreement with bondholders that would reduce its debt by up to $630 million, as it looks to reopen theaters after being shut for weeks due to the COVID-19 pandemic.

AMC, the world’s largest movie theater operator, said it had also raised $300 million in new first lien financing.

Reporting by Nivedita Balu in Bengaluru; Editing by Amy Caren Daniel

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