AMC Theatres Raises Nearly $1 Billion, Taking Imminent Bankruptcy Off the Table
AMC Theatres has successfully raised $917 million in new equity and debt capital. The much needed cash should keep the company afloat throughout most of 2021. In addition, Adam Aron, AMC CEO and president, says that “imminent” bankruptcy is “completely off the table.” While many were looking at 2021 to be the year that got moviegoing audiences back into theaters, it has not started off that way. Analysts are now predicting thatmovie theatersmay be able to open later this summer, or possibly in the fall....