“A definitive agreement with the lenders has not been reached regarding the terms of any proposal to be presented to the debtors in the Cineworld cases, and at this time negotiations are not continuing,” AMC added in the regulatory filing.
The exhibition giant, which has its own high debt load following disruption to its sector from the pandemic crisis and its impact on the local multiplex, said any possible acquisition of Cineworld assets would be financed in part by issuing AMC Preferred Equity units, or APEs, to shareholders and debt financing provided by the lenders.
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