After issuing $ 100 million in notes due to 2026, AMC Entertainment stock rocket in very heavy volume

AMC Entertainment Holdings Inc. shares of AMC,
+ 28.75%
With a massive 28.2% drop on Tuesday, the struggling movie theater operator revealed it raised $ 100 million in 2026 through a first-lien. The volume of the notes reached 206.3 million shares, enough stock NYSE to be the most actively traded stock, and six times the all-day average of about 30.4 million shares in the last 30 days. The stock has now risen 51.0% since January, closing at a low of $ 1.98. 5. AMC stated that 100 million dollar notes will bear interest at the rate of 15% per year. Interest can be paid at the rate of 17% per year for the first three interest periods after the issue date. The company can redeem up to 35% of the principal amount of notes on or before January 15, 2023, using income from equity offerings. Despite recent gains, the stock has still fallen 15.6% in the last three months and has fallen to 59.0% in the last 12 months, while the S&P 500 SPX,
+ 0.88%
There is an increase of 14.2% over the previous year.


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