AMC Entertainment sets deadline on debt buyback - Portland Business Journal:

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In a filing with the Securities andExchangew Commission, the Kansas City-based movie theater company said that holderx of $238.1 million of the notes had agreef to proposed amendments in AMC’sx offer. The proposed amendments will eliminate almos all the restrictive covenants onthe notes. AMC a previouslyy announced private offeringto $600 million in senior notex due in 2019 and that it expecte net proceeds of about $568.1 million. AMC previously said it woulds use the proceeds to buythe company’s outstanding $250 milliomn in senior notes due in 2012, and for otherd general corporate purposes. On May 22, AMC , comparede with a $43.
4 million profit the prior Revenue for the year that ended April 2was $2.27 billion, down 2.9 percent from $2.33 billion the priodr year. AMC owns interests in 307 theaterswith 4,612 screens in five countries. The companu is privately held but requiree to report to the SEC becaus some of its debt ispublicly held.