{"id":389141,"date":"2022-01-03T20:26:58","date_gmt":"2022-01-03T17:26:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amc-ceo-adam-aron-says-he-will-try-to-refinance-expensive-debt\/"},"modified":"2022-01-03T20:26:58","modified_gmt":"2022-01-03T17:26:58","slug":"amc-ceo-adam-aron-says-he-will-try-to-refinance-expensive-debt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amc-ceo-adam-aron-says-he-will-try-to-refinance-expensive-debt\/","title":{"rendered":"#AMC CEO Adam Aron says he will try to refinance expensive debt"},"content":{"rendered":"<p>&#8220;<strong>#AMC CEO Adam Aron says he will try to refinance expensive debt<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>AMC Entertainment boss Adam Aron said Monday that he wants to refinance some of the movie theater chain\u2019s expensive debt as it weathers the effects of the COVID-19 pandemic. <\/p>\n<p>\u201cIn 2020 and early 2021, AMC took on debt at high interest rates to survive,\u201d<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CEOAdam\/status\/1477998522238705665\"> Aron said on his Twitter account<\/a>, which was disclosed by the company in a filing with the Securities and Exchange Commission Monday.<\/p>\n<p>\u201cThere is no guarantee of success, but we will try very hard to get this done. We are always thinking of creative ways to make AMC\u2019s future more secure,\u201d he added.<\/p>\n<p>In refinancing AMC\u2019s expensive debt, Aron hopes to lessen its interest exposure and push out some debt maturities by several years and loosen covenants.<\/p>\n<p>Shares of AMC rose nearly 3 percent in late-morning trading Monday.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-adam-aron-220103.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"AMC CEO Adam Aron \" class=\"wp-image-20694500\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-adam-aron-220103.jpg?quality=90&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-adam-aron-220103.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-adam-aron-220103.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-adam-aron-220103.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>AMC CEO Adam Aron hopes to refinance the company\u2019s debt in order to decrease its exposure to interest.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Even before the pandemic shuttered movie theaters around the world, strangling the cinema chain\u2019s business, AMC had a significant debt load following a string of acquisitions.<\/p>\n<p>Last year, the company\u2019s stock was jolted by so-called meme-stock traders who scooped up shares of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop, AMC and other popular targets. AMC is up more than 1,200 percent since early January 2020 to around $28 a share in the first few days of this January and has a total stock market value of $15 billion<\/p>\n<p>During the pandemic, the world\u2019s largest movie theater chain narrowly avoided bankruptcy, raising over $900 million in debt last year. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-theater-220103-01.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\" An AMC Theatres logo hangs above one of the company's movie theaters shuttered by the coronavirus COVID-19 on December 04, 2020\" class=\"wp-image-20694509\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-theater-220103-01.jpg?quality=90&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-theater-220103-01.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-theater-220103-01.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/amc-theater-220103-01.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>AMC saw its stock prices soar at the beginning of 2021. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Under Aron\u2019s watch, AMC has cashed in on the opportunity to raise funds by selling more shares and slashing its debt load. <\/p>\n<p>Last summer, AMC sold 11.5 million shares on June 3. Two days earlier, it sold 8.5 million shares to hedge fund Mudrick Capital, in order to raise $230.5 million to pay down debt.\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/03\/amc-ceo-adam-aron-says-he-will-try-to-refinance-expensive-debt\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#AMC CEO Adam Aron says he will try to refinance expensive debt&#8221; AMC Entertainment boss Adam Aron said Monday that he wants to refinance some of the movie theater chain\u2019s expensive debt as it weathers the effects of the COVID-19 pandemic. \u201cIn 2020 and early 2021, AMC took on debt at high interest rates to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":389142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/newspress-collage-20693881-1641230643034.png?w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[123038,50568,4977,73689,72134,71451,4979,70359],"class_list":["post-389141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-3-22","tag-adam-aron","tag-amc","tag-amc-entertainment","tag-debt","tag-memes","tag-movie-theaters","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=389141"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/389142"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=389141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=389141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=389141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}