AMC’s Creditors Balk at Helping Theater Operator Cut Debt Load
Creditors don't seem very eager to assist movie theater chain AMC Entertainment (NYSE: AMC) in reducing its debt load.
The Wall Street Journal reports some creditors are pushing back against AMC's attempt to reduce its $5.2 billion debt by about $1 billion because it would give investor Silver Lake Group better standing in getting repaid.
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Source Fool.com