Why Rising Interest Rates Could Be Devastating for AMC Entertainment
AMC Entertainment Holdings (NYSE: AMC) has been struggling to contain the harmful effects of the pandemic. Months-long closures of its theaters brought revenue close to zero and forced management into emergency measures to keep the company afloat.
Movie fans are coming back, but nowhere near the rate AMC needs in order to break even. With billions in debt coming due, refinancing seems like the only option. That said, interest rates are rising fast. If the trend continues, it could be devastating for AMC.
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Source Fool.com
