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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院线:AMC院线2.25亿美元优先担保循环信贷额度将于2024年4月22日到期,该公司无意续订该额度
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under the Senior Secured Revolving Credit Facility, the financial covenant and its suspension conditions are no longer applicable.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under the Senior Secured Revolving Credit Facility, the financial covenant and its suspension conditions are no longer applicable.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娱乐控股公司宣布自2024年4月19日起终止其2.25亿美元的优先担保循环信贷额度。该设施定于2024年4月22日到期,该公司已选择不续订。相反,AMC建立了新的信用证机制以维持其业务运营。在此次终止之前,该公司与贷款机构达成协议,将与有担保杠杆率相关的财务契约的测试暂停至2024年3月31日,前提是该公司将最低流动性维持在1亿美元。随着优先担保循环信贷额度下剩余债务的偿还,财务契约及其暂停条件不再适用。此次终止不影响公司的高级有担保定期贷款额度。
AMC娱乐控股公司宣布自2024年4月19日起终止其2.25亿美元的优先担保循环信贷额度。该设施定于2024年4月22日到期,该公司已选择不续订。相反,AMC建立了新的信用证机制以维持其业务运营。在此次终止之前,该公司与贷款机构达成协议,将与有担保杠杆率相关的财务契约的测试暂停至2024年3月31日,前提是该公司将最低流动性维持在1亿美元。随着优先担保循环信贷额度下剩余债务的偿还,财务契约及其暂停条件不再适用。此次终止不影响公司的高级有担保定期贷款额度。
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