AMC Starts Talks With Lenders to Cut Debt, Extend Maturities

AMC Entertainment Holdings Inc. is holding confidential talks with some of its lenders about lowering its debt load and extending near-term maturities, according to people with knowledge of the matter.

The discussions come as AMC, the world’s largest movie theater chain, is staring down a debt load of about $4.5 billion of long-term borrowings. As of March 31, it had more than $2.8 billion of maturities due in 2026, according to regulatory filings, including a $1.9 billion term loan and nearly $1 billion of second-lien notes.

Negotiations are ongoing and no final decision has been made, the people said. A ...