By Dean Seal


AMC Entertainment Holdings has agreed to offer up to 50 million shares of stock with Goldman Sachs acting as its sales agent.

The movie-theater chain said Friday morning that the sales may happen at any time in this "at-the-market" offering.

AMC said proceeds from the sales would be used to strengthen its balance sheet and reinvest in its core business "to elevate and differentiate the movie-going experience under the AMC GO Plan."

Shares were down 7% at $4.83 in premarket trading.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

12-06-24 0907ET