AMC bonds, stock climb in heavy supply; CURO moves up; DKNY owner’s paper, shares slide

By Cristal Cody

Tupelo, Miss., Dec. 1 – AMC Entertainment Holdings, Inc.’s distressed paper climbed 1¼ points to more than 5 points higher in heavy secondary supply on Thursday.

AMC’s 10% senior secured second-lien notes due 2026 (Caa3/CCC-) rallied 5½ points on $34.5 million of trading, a source said.

The bonds were quoted at 42 bid.

AMC’s 7½% notes due 2029 (Caa1/B-) were nearly as active and trading 1¼ points better at 58 bid on $32.5 million of volume.

Secondary trading in the company’s stock was reported halted on Thursday following heavy volume with the shares also rallying on the day.

CURO Group Holdings Corp.’s 7½% senior secured notes due August 2028 (B3/B-) were also flying higher on Thursday with the issue quoted up 4½ points at 45½ bid, a source reported.

Trading was active on $4 million of volume.

Meanwhile, G-III Apparel Group Ltd. turned negative on Thursday as its stock plummeted 45% and its bonds dropped nearly 8 points in heavy trading the day after the clothing manufacturer’s soft third-quarter post.

The DKNY owner’s 7 7/8% senior secured notes due 2025 (Ba3/BB) dropped 7¾ points by the close to 85¼ bid on more than $35 million of paper traded, a source said.

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