AMC Entertainment Initiates $250 Million Stock Sale Amid Financial Strain

The move seeks to address liquidity concerns and a weaker first-quarter box office, partly resulting from last year's Hollywood strikes.

AMC Entertainment announces a stock sale to raise $250 million, with shares plummeting over 14% following the announcement.
The stock sale is aimed at bolstering liquidity and addressing financial strain from a weaker first-quarter box office, partly due to last year's Hollywood strikes.
This move follows previous efforts to raise capital, including two other stock sales and a reverse stock split last year.
Analysts express concern over AMC's financial leverage and the potential for further distressed exchanges or restructuring.
Despite recent challenges, AMC saw improved fourth-quarter numbers, partly due to the success of Taylor Swift: The Eras Tour film.