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Operator
Greetings, and welcome to the AMC Entertainment first-quarter 2021 earnings conference call. [Operator instructions] As a reminder, this call is being recorded today, Thursday, May 6, 2021. I d now like to turn the call over to John Merriwether, vice president, investor relations.
John Merriwether
Vice President, Investor Relations
Thank you. Good afternoon. I d like to welcome everyone to AMC s first-quarter 2021 earnings webcast. With me this afternoon is Adam Aron, our president and chief executive officer; and Sean Goodman, our chief financial officer.
Before I turn the webcast over to Adam, let me remind everyone that some of the comments made by management today during this webcast may contain forward-looking statements that are based on management s current expectations. Numerous risks, uncertainties, and other factors may cause actual results to differ materially from those that might be expressed today. Many of these risks and uncertainties are discussed in
Press release content from Business Wire. The AP news staff was not involved in its creation.
AMC Raises $917 Million of Fresh Investment Capital Since Mid-December of 2020
January 25, 2021 GMT
LEAWOOD, Kan. (BUSINESS WIRE) Jan 25, 2021
AMC Entertainment Holdings Inc. (“AMC” or the “Company”) (NYSE: AMC), the largest movie theatre company in the United States and globally, announced today that since December 14, 2020, it has successfully raised or signed commitment letters to receive $917 million of new equity and debt capital. This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter.
Of this $917 million in much-welcomed monies, AMC has raised $506 million of equity, from the issuance of 164.7 million new common shares, along with the previously announced securing of $100 million of additional first-lien debt and the concurrent issuance of 22 million new common shares to convert $100 million of second-lien debt into equ