AMC Entertainment (AMC) said to consider potential bankruptcy filing - Bloomberg

AMC Entertainment (NYSE: AMC) is considering a range of options that include potential bankruptcy to ease its debt load as the pandemic keeps moviegoers from attending and studios from supplying films, according to a report earlier from Bloomberg, citing people with knowledge of the matter.

Lenders to the company have held preliminary talks among themselves about providing it with financing if it decides to file for Chapter 11. No formal proposal has been exchanged. Other options include a capital raise and renegotiating leases.

AMC's CEO said the cinema chain is focused on fundraising, not bankruptcy.

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