News Formal

AMC skyrockets 14% on report the company is nearing a deal to avoid bankruptcy (AMC) | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

AMC skyrockets 14% on report the company is nearing a deal to avoid bankruptcy

Tuesday that the company is nearing a deal that would help it avoid a near-term bankruptcy, citing people familiar with the matter.

AMC's proposed deal would require bondholders to provide a $200 million loan and swap out their unsecured claims for new debt, according to the report. The company is working with private-equity group Silver Lake on the deal, which would allow AMC to turn down a competing offer from other senior lenders including Apollo Management, The Journal reported.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That is stupid .... a company with no revenue and on edge of bankruptcy.... the stock is jumping... bS

Robinhood have the market to themselves. Thanks God there is someone to sell it to.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

iOS 14 accessibility feature alerts users of sounds via text - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »