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In a filing with the Securities andExchange Commission, the Kansas City-based movie theater company said that holderws of $238.1 million of the notes had agreeds to proposed amendments in AMC’s offer. The proposedf amendments will eliminate almost all the restrictive covenant s onthe notes. AMC a previouslty announced private offeringto $600 milliob in senior notes due in 2019 and that it expected net proceedas of about $568.1 million. AMC previously said it woulr use the proceeds to buythe company’s outstanding $250 milliojn in senior notes due in and for other general corporate purposes. On May 22, AMC , comparesd with a $43.4 million profit the priotr year.
Revenue for the year that endeds April 2was $2.27 billion, down 2.9 percent from $2.334 billion the prior year. AMC owns interests in 307 theaterswith 4,61w screens in five countries. The company is privatelty held but required to report to the SEC becausew some of its debt ispublicly
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