AMC Shares Fall Despite ‘Debt Elimination Path’. APE units are taking off.
Shares of Entertainment Holdings fell on Monday in what could be a game-changing move to address its debt burden. Investors may not like the dose of medicine needed to clear the movie theater chain’s substantial debt.
(ticker: AMC) shares fell 8.5% at midday following news from the company late Friday. AMC said in a securities filing that it plans to hold a special shareholder meeting on March 14, during which it hopes to usher in an overhaul of its capital structure—analysts plan Eric Wold at B. Riley Securities calls “a major equity path to debt forgiveness.”