Item 7.01 Regulation FD Disclosure
AMC participated in discussions with certain of the Lenders (the "Lenders") of
Cineworld regarding a potential strategic acquisition by AMC, through a
consensual plan in Cineworld's ongoing Chapter 11 cases, including following the
announcement in the Cineworld Chapter 11 proceedings that the Cineworld debtors
were exploring strategic alternatives. The discussions focused on the
acquisition of certain strategic theatre assets of Cineworld in the United
States and Europe, which acquisition would be financed, in part, through the
issuance by AMC of APEs and debt financing provided by the Lenders, and
conditioned upon a liability management exercise with respect to certain
indebtedness of AMC. During the course of discussions, the Company did not
provide any confidential or non-public information, analyses, compilations,
forecasts, studies or other documents to the Lenders. A definitive agreement
with the Lenders has not been reached regarding the terms of any proposal to be
presented to the debtors in the Cineworld cases, and at this time negotiations
are not continuing. While AMC reserves the right to continue to explore the
acquisition of value enhancing strategic assets, there can be no assurance that
AMC will resume any discussions with the Lenders or, if it were to do so, that
it would be able to agree with Lenders or any other party as to the terms of a
mutually acceptable proposal. The Company has provided this statement pursuant
to the terms of non-disclosure agreements with certain of the Lenders.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number Exhibit Description
104 Cover Page Interactive Data File. The cover page XBRL tags are
embedded within the inline XBRL document.
© Edgar Online, source Glimpses