AMC in Talks to Leverage European Assets for Another Lifeline
Movie-theater giant AMC Entertainment is in discussions for a potential financing package backed by its U.K.-based Odeon subsidiary
An Odeon cinema in London in November. AMC acquired the movie-theater chain in 2016.
Photo:
Han Yan, Timireland/Zuma Press
By
Jan. 6, 2021 11:20 am ET
AMC Entertainment Inc. is in talks with Apollo Global Management Inc. and other top creditors over a potential financing deal backed by the cinema chain’s European assets, according to people familiar with the matter.
AMC, the world’s largest movie theater company, is negotiating with lenders including Apollo, Davidson Kempner Capital Management LP, and Ares Management Corp. to expand the line of credit available to the company’s U.K.-based Odeon Cinemas Group subsidiary, these people said.