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8-K: Amc Entertainment Holdings, Inc.'s $225.0 Million Senior Secured Revolving Credit Facility Matures on April 22, 2024, And the Company Does Not Intend to Renew the Facility

8-K: Amc Entertainment Holdings, Inc.'s $225.0 Million Senior Secured Revolving Credit Facility Matures on April 22, 2024, And the Company Does Not Intend to Renew the Facility

AMC院線:AMC院線2.25億美元優先擔保循環信貸額度將於2024年4月22日到期,該公司無意續訂該額度
美股sec公告 ·  04/19 16:41
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AMC Entertainment Holdings, Inc. has announced the termination of its $225.0 million Senior Secured Revolving Credit Facility as of April 19, 2024. The facility was set to mature on April 22, 2024, and the company has chosen not to renew it. Instead, AMC has established a new letter of credit facility to maintain its business operations. Prior to this termination, the company had an agreement with lenders to suspend the testing of a financial covenant related to a secured leverage ratio until March 31, 2024, provided the company maintained a minimum liquidity of $100 million. With the payoff of the remaining obligations under the Senior Secured Revolving Credit Facility, the financial covenant and its suspension conditions are no longer applicable. This termination does not impact the company's senior secured term loan facility.
AMC Entertainment Holdings, Inc. has announced the termination of its $225.0 million Senior Secured Revolving Credit Facility as of April 19, 2024. The facility was set to mature on April 22, 2024, and the company has chosen not to renew it. Instead, AMC has established a new letter of credit facility to maintain its business operations. Prior to this termination, the company had an agreement with lenders to suspend the testing of a financial covenant related to a secured leverage ratio until March 31, 2024, provided the company maintained a minimum liquidity of $100 million. With the payoff of the remaining obligations under the Senior Secured Revolving Credit Facility, the financial covenant and its suspension conditions are no longer applicable. This termination does not impact the company's senior secured term loan facility.
AMC娛樂控股公司宣佈自2024年4月19日起終止其2.25億美元的優先擔保循環信貸額度。該設施定於2024年4月22日到期,該公司已選擇不續訂。相反,AMC建立了新的信用證機制以維持其業務運營。在此次終止之前,該公司與貸款機構達成協議,將與有擔保槓桿率相關的財務契約的測試暫停至2024年3月31日,前提是該公司將最低流動性維持在1億美元。隨着優先擔保循環信貸額度下剩餘債務的償還,財務契約及其暫停條件不再適用。此次終止不影響公司的高級有擔保定期貸款額度。
AMC娛樂控股公司宣佈自2024年4月19日起終止其2.25億美元的優先擔保循環信貸額度。該設施定於2024年4月22日到期,該公司已選擇不續訂。相反,AMC建立了新的信用證機制以維持其業務運營。在此次終止之前,該公司與貸款機構達成協議,將與有擔保槓桿率相關的財務契約的測試暫停至2024年3月31日,前提是該公司將最低流動性維持在1億美元。隨着優先擔保循環信貸額度下剩餘債務的償還,財務契約及其暫停條件不再適用。此次終止不影響公司的高級有擔保定期貸款額度。
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