American Motors Corporation

AMC Entertainment Completes Bond Exchange Offer Bringing in Additional Cash, Reducing Debt and Extending Maturities

Retrieved on: 
Monday, August 3, 2020
Film & Motion Pictures, Entertainment, American Motors Corporation, Chrysler, AMC Theatres, Adam Aron, Restructuring, Market liquidity, Economy, Financial economics, Finance

AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or the "Company") announced that on Friday July 31, it successfully completed a complex restructuring of approximately $2.6 billion of its debt on terms as previously disclosed.

Key Points: 
  • AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or the "Company") announced that on Friday July 31, it successfully completed a complex restructuring of approximately $2.6 billion of its debt on terms as previously disclosed.
  • As part of the transactions, an ad hoc group of the Noteholders and Silver Lake provided AMC with additional liquidity as well.
  • Commenting on this development, AMC CEO and President Adam Aron said, "This consensual restructuring of our debt and enhancement of our liquidity are extraordinarily important transactions for AMC.
  • In addition, the debt exchange reduces our debt by more than $550 million and extends our debt maturities to 2026.

Universal Filmed Entertainment Group and AMC Entertainment Announce Agreement for Exhibition of Universal Films

Retrieved on: 
Tuesday, July 28, 2020
General Entertainment, Entertainment, Film & Motion Pictures, Companies, Cinema of the United States, Universal Pictures, NBCUniversal, American culture, Universal City, California, Steven Spielberg, AMC Theatres, DreamWorks Animation, AMC, American Motors Corporation, Comcast

Universal Filmed Entertainment Group (UFEG), a division of Comcast Corporation (NASDAQ: CMCSA), and AMC Entertainment Holdings, Inc. (NYSE: AMC) announced today a multi-year agreement under which UFEG films will be exhibited in AMC Theatres in the U.S.

Key Points: 
  • Universal Filmed Entertainment Group (UFEG), a division of Comcast Corporation (NASDAQ: CMCSA), and AMC Entertainment Holdings, Inc. (NYSE: AMC) announced today a multi-year agreement under which UFEG films will be exhibited in AMC Theatres in the U.S.
  • So, in total, Universal and AMC each believe this will expand the market and benefit us all.
  • Universal Filmed Entertainment Group (UFEG) produces, acquires, markets and distributes filmed entertainment worldwide in various media formats for theatrical, home entertainment, television and other distribution platforms.
  • The global division includes Universal Pictures, Focus Features, Universal Pictures Home Entertainment, DreamWorks Animation Film and Television.

AMC Theatres Planning to Reopen U.S. Theatres in August

Retrieved on: 
Thursday, July 23, 2020
Other Entertainment, General Entertainment, Entertainment, Film & Motion Pictures, AMC Theatres, Entertainment, American Motors Corporation, AMC, Movie theater, Companies, History by period, Odeon Cinemas Group, Multiplex

AMC Theatres (NYSE:AMC, "AMC" or the "Company"), the largest theatrical exhibition company in the United States, in Europe & the Middle East, and the world, today announced it is currently planning to reopen its U.S. movie theatres in mid to late August.

Key Points: 
  • AMC Theatres (NYSE:AMC, "AMC" or the "Company"), the largest theatrical exhibition company in the United States, in Europe & the Middle East, and the world, today announced it is currently planning to reopen its U.S. movie theatres in mid to late August.
  • Looking abroad, approximately one-third of all AMC cinemas in Europe and the Middle East are already open and are operating normally.
  • AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe.
  • 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 Networks to Report Second Quarter 2020 Results

Retrieved on: 
Friday, July 17, 2020
Television, AMC Networks, AMC, American Motors Corporation, Josh Sapan

NEW YORK, July 17, 2020 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the second quarter 2020 on Tuesday, August 4, 2020 at 8:30 a.m. Eastern Time.

Key Points: 
  • NEW YORK, July 17, 2020 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the second quarter 2020 on Tuesday, August 4, 2020 at 8:30 a.m. Eastern Time.
  • AMC Networks will issue a press release reporting its results prior to the market opening.
  • Internet replays will also be available on the AMC Networks website beginning approximately two hours after the call ends.
  • The Company also operates AMC Studios , its television production and worldwide content distribution division; and AMC Networks International , its international programming business.

AMC Reaches Agreement to Reduce Debt By At Least $460 Million and Secures $300 Million in New Funding

Retrieved on: 
Monday, July 13, 2020
Other Entertainment, General Entertainment, Entertainment, Cars, Car body styles, American Motors Corporation, Chrysler, Convertible bond, Coupés, Sedans, Station wagons

Separately, AMC has also reached agreement to restructure some $600 million of convertible notes issued in 2018 to Silver Lake.

Key Points: 
  • Separately, AMC has also reached agreement to restructure some $600 million of convertible notes issued in 2018 to Silver Lake.
  • Those providing this backstop will receive their pro-rata share of 5 million AMC shares, or 4.6% of AMCs outstanding shares, worth $23.0 million at Fridays market closing price.
  • Depending on the final amount of exchanging debt, and the length of time that cash interest is deferred, AMC currently expects this will save AMC between approximately $100 million and $200 million of cash in the near-term.
  • The extension of the Silver Lake notes is especially valuable to AMC as they carry an interest rate of only 2.95%.

Thinking about buying stock in Party City, AMC Entertainment, Niu Technologies, Sorrento Therapeutics, or Spirit Airlines?

Retrieved on: 
Wednesday, July 8, 2020
Stock market, American Motors Corporation, Chrysler, Multimedia, Stock, Economy, Microeconomics, Market economics)

InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology.

Key Points: 
  • InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology.
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-p...

AMC Theatres Now to Begin Its Reopening of U.S. Theatres on Thursday, July 30

Retrieved on: 
Monday, June 29, 2020
Other Consumer, Film & Motion Pictures, Consumer, General Entertainment, Entertainment, Film, Cinema of the United States, Warner Bros., IMAX films, AMC, American Motors Corporation, Christopher Nolan, Mulan, Inception

The new reopening date aligns with updated release timing for major theatrical blockbusters Warner Bros TENET (August 12) and Disneys MULAN (August 21).

Key Points: 
  • The new reopening date aligns with updated release timing for major theatrical blockbusters Warner Bros TENET (August 12) and Disneys MULAN (August 21).
  • Additionally, Warner Bros. will celebrate the 10th anniversary of Christopher Nolans INCEPTION with a re-release on July 31st.
  • Once the U.S. reopening commences, AMC will have theatres open in all 15 countries in which AMC operates.
  • That happy day, when we can welcome guests back into most of our U.S. theatres, will be Thursday, July 30.

AMC Theatres Listens to Its Guests and Scientific Advisors, and Immediately Reverses Course: AMC Will Require Its Guests to Wear Masks at AMC Theatres Nationwide, Beginning With the July 15 Reopening of AMC’s Movie Theatres Across the United States

Retrieved on: 
Friday, June 19, 2020
Other Consumer, Film & Motion Pictures, Consumer, Other Entertainment, Entertainment, AMC Theatres, American Motors Corporation, Mask, Economy of the United States

That policy on guest mask usage, which is directly comparable with our major competitors and many other highly regarded retailers, was announced yesterday afternoon.

Key Points: 
  • That policy on guest mask usage, which is directly comparable with our major competitors and many other highly regarded retailers, was announced yesterday afternoon.
  • At AMC Theatres, we think it is absolutely crucial that we listen to our guests.
  • Accordingly, and with the full support of our scientific advisors, we are reversing course and are changing our guest mask policy.
  • As we reopen theatres, we now will require that all AMC guests nationwide wear masks as they enter and enjoy movies at our theatres.

Thinking about buying stock in Dynatronics Corp, AMC Entertainment, Chesapeake Energy Corp, Spirit Airlines, or Groupon?

Retrieved on: 
Friday, June 19, 2020
Financial markets, Stock market, Financial economics, Groupon, Finance, American Motors Corporation, Stock

InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology.

Key Points: 
  • InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology.
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-d...

AMC Theatres to Resume Theatre Operations on Wednesday, July 15, in Preparation for an Exciting Lineup of New Theatrical Releases Beginning in July

Retrieved on: 
Friday, June 19, 2020
Film & Motion Pictures, Medical Supplies, Online Retail, Technology, Other Consumer, Health, Entertainment, Infectious diseases, Retail, Mobile, Wireless, Consumer, American Motors Corporation, Chrysler, Movie theater, Entertainment, Economy of the United States, Human activities, AMC Entertainment Holdings, Inc., The Clorox Company

Our next 100 years of making smiles happen officially begin at approximately 450 theatres across the United States on July 15.

Key Points: 
  • Our next 100 years of making smiles happen officially begin at approximately 450 theatres across the United States on July 15.
  • In the coming weeks, theatre teams will begin returning to their theatres for training on AMCs new, enhanced cleaning and safety procedures.
  • The resumption of AMC operations may be adjusted if there are changes to the current theatrical release schedule, or as needed in response to local or regional conditions.
  • This has been the core element to all of our discussions about again opening our doors to moviegoers.