$AMC · AMC ENTERTAINMENT HOLDINGS, INC.

AMC Entertainment completed a $3.97 billion comprehensive refinancing on October 5, 2026, issuing $2.0B of 8.875% First Lien Notes due 2031, borrowing $850M in new first lien term loans, and $1.12B in new second lien term loans. Proceeds retire the 7.500% Senior Secured Notes due 2029 (98.8% tendered), Muvico's $903.4M notes, and existing term loans at AMC and Odeon. The transaction extends approximately 97% of AMC's debt maturities to October 2031 and October 2033.

Extended-hours trading shows AMC at $2.83, +1.40% vs the $2.79 regular close and +1.04% vs the filing-time price of $2.80 — a modestly positive initial reaction to the refinancing completion.

This is the culmination of AMC's multi-year balance-sheet rehabilitation — refinancing nearly all its debt at extended maturities removes the immediate overhang that has defined the stock since the 5,

AMC's refinancing of ~97% of its debt load to 2031/2033 maturities comes amid what the company calls an all-time record Q3 North American box office, with major December releases (Dune: Part Three, Avengers: Doomsday) expected to sustain momentum.

The new 8.875% first lien notes carry a higher coupon than the 7.500% notes being retired, increasing annual interest costs. Forward-looking statements caution that if operating revenues don't normalize, AMC may still need an in-court or out-of-court restructuring.