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AMC Cinema’s Senior Lenders Meet to Discuss Chain’s Debt Options

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Senior lenders to AMC Entertainment Holdings Inc., the money-losing theater chain, met by phone Friday to discuss ways to bolster the company’s balance sheet, according to people with knowledge of the matter.

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Movie ticket sales in the US and Canada have remained stubbornly below pre-Covid levels, stalling the recovery of theater chains that were closed during the pandemic. Through last weekend, North American ticket sales were down almost 10% from 2023 levels, according to researcher Comscore Inc. The CEO has since courted retail investors, meeting with them for exclusive screenings at theaters, accepting cryptocurrency and selling limited-edition popcorn buckets.

 

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