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Tag: AMC Theatres

AMC Theatres Raises $917 Million, Averts Bankruptcy

AMC Theatres Raises $917 Million, Averts Bankruptcy

AMC Theatres averts the pandemic-led bankruptcy by raising $917 million through a combination of cash and equity. The company now hopes to survive through July assuming that there is no increase in theatre attendance and concessions from landlords continued. Shares jumped 26% post the news.