AMC Entertainment Holdings, Inc. Completes 43 Million Share At-The-Market Equity Offering and Raises $428 Million in Additional Equity Capital

Rhea-AI Summary

AMC Entertainment Holdings has completed its 43 million share at-the-market equity program, raising approximately $428 million before fees, at an average price of $9.94 per share. CEO Adam Aron stated that this capital raise will enhance AMC's liquidity, enabling the company to better face challenges and seize opportunities. AMC operates roughly 950 theatres and 10,500 screens globally, maintaining its status as the largest movie exhibition company in the U.S., Europe, and worldwide.

Positive

• Raised approximately $428 million in new equity capital.
• Strengthened liquidity profile for future challenges and opportunities.

Negative

• None.

AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), announced today that it has completed its previously announced 43 million share at-the-market equity program launched on April 29. AMC raised approximately $428 million of new equity capital, before commissions and fees, at an average price of $9.94 per share.

Commenting on the capital raise, AMC CEO and President Adam Aron said, “Bringing in an additional $428 million of new equity capital will immediately buttress and fortify our liquidity profile. The additional cash raised puts AMC in a stronger position to tackle the challenges and capitalize on the opportunities that lie ahead.”

About AMC Entertainment Holdings, Inc.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 950 theatres and 10,500 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.

Website Information

This press release, along with other news about AMC, is available at www.amctheatres.com. We routinely post information that may be important to investors in the Investor Relations section of our website, www.investor.amctheatres.com. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD, and we encourage investors to consult that section of our website regularly for important information about AMC. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document. Investors interested in automatically receiving news and information when posted to our website can also visit www.investor.amctheatres.com to sign up for email alerts.

Category: Company Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005764/en/

FAQ

What was the capital raised by AMC in its recent equity program?

AMC raised approximately $428 million through its 43 million share at-the-market equity program.

What is the average price per share for AMC's recent equity raise?

The average price per share for AMC's recent equity raise was $9.94.

How many theatres does AMC operate globally?

AMC operates approximately 950 theatres worldwide.

What is the significance of AMC's recent capital raise?

The capital raise significantly strengthens AMC's liquidity profile, allowing it to tackle challenges and capitalize on opportunities.