AMC Subsidiary Odeon Finco Closes $425m Term Loan

AMC Entertainment unit Odeon Finco, a part of Odeon Cinemas Group, closed a $425 million term loan with Deutsche Bank’s New York Branch.

• The first lien 10.50% term loan is due 2031
• Proceeds used to redeem outstanding 12.750% Senior Secured Notes due 2027
• New loan extends debt maturities by four years while reducing annual cash interest expense
• AMC has not pledged any assets to secure the loan

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