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AMC Entertainment Holdings launches $25 million term loan tender offer
By Sara Rosenberg
New York, May 4 - AMC Entertainment Holdings Inc. launched on Monday a $25 million offer to purchase some of its term loan debt in a Dutch auction tender, according to an 8-K filed with the Securities and Exchange Commission.
JPMorgan is the administrative agent on the deal.
Funds used to purchase the loans will come from cash on hand from a dividend previously declared and paid by AMC Entertainment Inc.
The offer expires at 5 p.m. ET on Wednesday.
Subsequent to this offer, the company may seek to opportunistically retire any remaining loans or portions of outstanding debt securities through the use of additional cash on hand or from the proceeds of new debt.
AMC is a Kansas City, Mo.-based theatrical exhibition and entertainment company.
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