AMC Entertainment Gets Additional Extension to Loan Covenant Suspension Period

By Sabela Ojea

AMC Amusement Holdings Inc. stated Wednesday that it entered into an amendment to increase the covenant suspension period of time of a mortgage for an more 12 months.

The theater chain explained the mounted day for the termination of the covenant suspension interval has been prolonged for a twelfth time to March 31, 2024.

The business, which in April 2013 first signed this credit history agreement with some unnamed revolving creditors, has been reaching amendments to the dateline because November 2016.

As an ongoing problem to the suspension of the monetary covenant, AMC Enjoyment agreed to a least liquidity take a look at and an anti-cash hoarding examination, among other requirements, the organization additional.

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