AMC Entertainment ‘s stock rockets go up in size, after delivering $ 100 million in pounds payable 2026

Shares of AMC Entertainment Holdings Inc. AMC,
+ 30.42%
rocket 28.2% heavyweight Tuesday, after the film theater operator sadly announced it raised $ 100 million through first-line, it received pounds payable on 2026. Trading volume rose to 206.3 million shares, enough making the stock the most traded on the NYSE, with more than six times the full-day average over the past 30 days of about 33.4 million shares. The stock has now risen 51.0% since it closed at a low of $ 1.98 on Jan. 5. AMC stated that interest will be $ 15 million per annum at $ 100 million in pounds. Interest for the first three interest periods after the issue date can be paid in non-interest bearing interest at a rate of 17% per annum. The company can repurchase up to 35% of the principal amount of the notes using cash from equity offers on or before January 15, 2023. Despite the recent gains, the stock remains at 15.6% lost over the last three months and has fallen 59.0% over the last 12 months, and the S&P 500 SPX,
+ 0.85%
has gained 14.2% over the past year.

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