Threat of AMC Bankruptcy Postponed As Theater Operator Raises $500 Million
A week ago it was looking as though AMC Entertainment (NYSE: AMC) was inching closer to filing for bankruptcy protection as the coronavirus pandemic forced all movie theaters closed. Now, the theater operator has announced it plans to raise $500 million and should have no problem surviving well into the fall.
With owners hopeful there will be a July reopening, the threat of bankruptcy for AMC seems to have been pushed to the background.
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Source Fool.com
