American Motors Corporation

AMC Raises $917 Million of Fresh Investment Capital Since Mid-December of 2020

Retrieved on: 
Monday, January 25, 2021
General Entertainment, Entertainment, Film & Motion Pictures, Corporate finance, Business law, Lien, Property law, Articles, Factoring, American Motors Corporation, Law, Finance

Of this $917 million in much-welcomed monies, AMC has raised $506 million of equity, from the issuance of 164.7 million new common shares, along with the previously announced securing of $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equity.

Key Points: 
  • Of this $917 million in much-welcomed monies, AMC has raised $506 million of equity, from the issuance of 164.7 million new common shares, along with the previously announced securing of $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equity.
  • On this new European debt, AMC has the option of paying non-cash PIK interest throughout its duration.
  • All amounts are prior to factoring in transaction costs, investment banking fees and original issue discounts.
  • Adam Aron, AMC CEO and President, said, Today, the sun is shining on AMC.

AMC Networks Names Christina Spade Chief Financial Officer

Retrieved on: 
Friday, January 15, 2021
Television, AMC Networks, Companies, AMC, Sundance TV, ViacomCBS, IFC, Showtime, BBC America, American Motors Corporation, Chief financial officer, Josh Sapan

NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) -- AMC Networks has appointed Christina Spade as Executive Vice President, Chief Financial Officer.

Key Points: 
  • NEW YORK, Jan. 15, 2021 (GLOBE NEWSWIRE) -- AMC Networks has appointed Christina Spade as Executive Vice President, Chief Financial Officer.
  • In this role, Spade will oversee financial operations, including treasury, tax, accounting, financial planning & analysis, as well as investor relations and global technology, for the AMC Networks portfolio, which includes AMC, BBC AMERICA, IFC, SundanceTV and WE tv; streaming services AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK; and AMC Networks International.
  • Spade has spent her career in media and entertainment, most recently as EVP, Chief Financial Officer for the newly-combined ViacomCBS, which followed Chief Financial Officer roles at CBS Corporation and Showtime Networks Inc., where she spent more than two decades.
  • Spade joins AMC Networks from ViacomCBS, where she was most recently EVP, Chief Financial Officer overseeing all financial operations for the company, including treasury, tax, accounting, internal audit, information security and real estate.

AMC Entertainment Holdings, Inc. Secures Commitment for $100 Million of New First Lien Debt Financing from Mudrick Capital Management, L.P. to Bolster AMC’s Near Term Liquidity

Retrieved on: 
Friday, December 11, 2020
Finance, Film & Motion Pictures, Professional services, General Entertainment, Entertainment, Mudrick Capital Management, Mudrick, American Motors Corporation, Automotive industry, Cars, Motor vehicles, Jason Mudrick

In addition, Mudrick Capital, which is an existing holder of second lien notes issued by AMC, will convert $100 million of existing AMC debt into AMC common stock.

Key Points: 
  • In addition, Mudrick Capital, which is an existing holder of second lien notes issued by AMC, will convert $100 million of existing AMC debt into AMC common stock.
  • As part of these transactions, AMC will issue in aggregate 21,978,022 of its shares in common stock.
  • AMC believes this is an important step in strengthening the Companys near term liquidity position as it deals with the consequences of the global coronavirus pandemic.
  • Mudrick Capital Management is an SEC-registered investment advisor specializing in distressed credit and deep value event driven investing.

AMC Networks’ Head of Investor Relations, Seth Zaslow, To Step Down at End of Year

Retrieved on: 
Wednesday, December 2, 2020
Television, Finance, AMC Networks, SportsChannel, AMC, American Motors Corporation, Investor relations

The companys investor relations group will now be led by Nicholas Seibert as Vice President, Corporate Development and Investor Relations.

Key Points: 
  • The companys investor relations group will now be led by Nicholas Seibert as Vice President, Corporate Development and Investor Relations.
  • Seibert will continue to report to John Hsu, AMC Networks Executive Vice President, Corporate Development and Treasurer.
  • My years at AMC Networks have been among the most rewarding and fulfilling of my career, Zaslow said.
  • Seibert joined AMC Networks in 2017 and currently serves on the board of directors for Next Games and Levity, AMC Networks production services and comedy venues business.

Canoe Enables the First-ever Household Addressable Ad Campaign Across Multiple Distributors for a National Cable Network

Retrieved on: 
Wednesday, November 11, 2020
TV and Radio, Consumer electronics, Technology, Other Communications, Marketing, General Entertainment, Advertising, Entertainment, Communications, Networks, Internet, Television, Cable television, AMC Networks, Addressability, AMC, American Motors Corporation, Addressable, AMC Networks, Canoe, On Addressability

AMC is the first national cable network to run multiple ads in a single avail across multiple distributors, using aggregated and deidentified data, said David Kline, Executive Vice President at Charter Communications, and President of Spectrum Reach.

Key Points: 
  • AMC is the first national cable network to run multiple ads in a single avail across multiple distributors, using aggregated and deidentified data, said David Kline, Executive Vice President at Charter Communications, and President of Spectrum Reach.
  • We are thrilled to make AMC the first cable network to offer a first ever addressable, performance-based solution across a national footprint, said Kim Kelleher, President of Advertising Sales and Partnerships, AMC Networks.
  • Canoe ensures the delivery, service management, and reporting of addressable campaigns on behalf of the current On Addressability distribution partners.
  • Working with Canoe to launch the first, national network campaign across distributors is an great example of one such solution.

AMC Theatres® Announces the Launch of Private Theatre Rentals at AMC Following a 4-Week Beta Test That Resulted in an Unprecedented Response of 110,000 Guest Inquiries

Retrieved on: 
Tuesday, November 10, 2020
General Entertainment, Entertainment, Film & Motion Pictures, AMC Theatres, American Motors Corporation, Companies, Automotive industry, Cars

The launch comes four weeks after the initial beta launch of the product, which resulted in 110,000 inquiries around the country.

Key Points: 
  • The launch comes four weeks after the initial beta launch of the product, which resulted in 110,000 inquiries around the country.
  • Guests wanting to book a private showing for up to 20 friends and family members can do so by going to amctheatres.com/rentals or by updating and using the AMC Theatres mobile app.
  • Rentals must be made at least one day in advance and are subject to availability at the theatre.
  • Private Theatre Rentals are the perfect complement to AMC Safe & Clean, as guests can choose their own audience for the big screen movie experience.

AMC Entertainment Holdings, Inc. Reports Third Quarter 2020 Results

Retrieved on: 
Monday, November 2, 2020
Commercial Building & Real Estate, Construction & Property, Entertainment, Film & Motion Pictures, Telecommunications, AMC, New York Stock Exchange, American Motors Corporation, Conference call

AMC Entertainment Holdings, Inc. (NYSE: AMC) (AMC or the Company) today reported results for the third quarter ended September 30, 2020, which have been posted to the Investor Relations section of AMCs website at https://investor.amctheatres.com/financial-performance/quarterly-results... .

Key Points: 
  • AMC Entertainment Holdings, Inc. (NYSE: AMC) (AMC or the Company) today reported results for the third quarter ended September 30, 2020, which have been posted to the Investor Relations section of AMCs website at https://investor.amctheatres.com/financial-performance/quarterly-results... .
  • View the full release here: https://www.businesswire.com/news/home/20201102005980/en/
    The Company will host a conference call to discuss AMCs financial results later today, November 2, 2020 at 4:00 p.m. CST/5:00 PM EST.
  • The conference call may be accessed by dialing (877) 407-3982 (U.S. callers) or +1 (201) 493-6780 (non-U.S. callers); a passcode is not required.
  • AMC is also #1 or #2 in market share in 9 of the 15 countries it serves in North America, Europe and the Middle East.

AMC Theatres® Resuming Operations in a Key Market as It Plans to Reopen Movie Theatres This Friday in Northern California

Retrieved on: 
Tuesday, October 27, 2020
General Entertainment, Entertainment, Film & Motion Pictures, AMC Kabuki 8, American Motors Corporation, Metreon, AMC Theatres, California, States of the United States, Automotive industry

On October 30, AMC guests can return to the movies at high profile locations AMC Metreon 15, AMC Kabuki 8, AMC Eastridge 15, AMC Mercado 20, AMC Saratoga 14, AMC NewPark 12 and AMC Bay Street 16, as well as the all new AMC DINE-IN Sunnyvale 12, a brand new theatre that will open for the first time.

Key Points: 
  • On October 30, AMC guests can return to the movies at high profile locations AMC Metreon 15, AMC Kabuki 8, AMC Eastridge 15, AMC Mercado 20, AMC Saratoga 14, AMC NewPark 12 and AMC Bay Street 16, as well as the all new AMC DINE-IN Sunnyvale 12, a brand new theatre that will open for the first time.
  • In areas where theatres are not yet able to open, AMC continues to have discussions with local authorities about resuming operations.
  • AMC will reopen its remaining theatres once authorized to do so by state and local officials.
  • The feedback weve received from our guests indicate that our AMC Safe & Clean policies and protocols are working exactly as intended.

AMC Networks Announces Final Results of Modified Dutch Auction Tender Offer

Retrieved on: 
Wednesday, October 21, 2020
Television in the United States, Corporate finance, AMC Networks, SportsChannel, Tender offer, Dutch auction, Companies, American Motors Corporation, AMC, Television

NEW YORK, Oct. 21, 2020 (GLOBE NEWSWIRE) -- AMC Networks Inc. (AMC Networks or the Company) (NASDAQ: AMCX) today announced the final results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, on October 14, 2020.

Key Points: 
  • NEW YORK, Oct. 21, 2020 (GLOBE NEWSWIRE) -- AMC Networks Inc. (AMC Networks or the Company) (NASDAQ: AMCX) today announced the final results of its modified Dutch auction tender offer, which expired at 12:00 midnight, New York City time, on October 14, 2020.
  • Included in the 10,802,550 Class A Shares AMC Networks accepted for purchase in the tender offer are 26,688 Class A Shares that AMC Networks elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding Class A Shares.
  • The Depositary will promptly pay for all Class A Shares accepted for payment pursuant to the tender offer, and will return all Class A Shares tendered and not purchased in the tender offer.
  • King & Co., Inc. acted as information agent for the tender offer and Equiniti Trust Company acted as the depositary for the tender offer.

AMC Theatres® to Resume Operations on October 23 at Many Theatres in the State of New York, Which Is Vital to the Theatrical Exhibition Industry

Retrieved on: 
Monday, October 19, 2020
General Entertainment, Entertainment, Film & Motion Pictures, Adam Aron, AMC, American Motors Corporation, Television in the United States, Television, AMC Theatres, Automotive industry

Approximately a dozen AMC locations are expected to resume operations this Friday, primarily in portions of Upstate New York and on Long Island.

Key Points: 
  • Approximately a dozen AMC locations are expected to resume operations this Friday, primarily in portions of Upstate New York and on Long Island.
  • The full list of New York AMCs expected to reopen on October 23 will be available later this week.
  • Beginning Friday, AMC will be serving guests in 44 of the 45 states where it has theatres, and all these AMC locations will abide by all state and local ordinances.
  • AMC CEO Adam Aron commented: The reopening of movie theatres around the country is essential to the theatrical industry and the entire entertainment ecosystem.