AMC Entertainment to issue 142 million shares in debt exchange

AMC Entertainment Holdings Inc. (NYSE: AMC) announced that holders of Senior Secured Exchangeable Notes due 2030 have elected to exchange $155.8 million in debt for shares of the company's Class A common stock.

The exchangeable notes were issued by Muvico LLC, a wholly owned subsidiary of AMC. On May 4, 2026, noteholders delivered voluntary exchange notices to convert all outstanding notes into equity.

AMC expects to complete the exchange on May 5, 2026, issuing approximately 129.7 million shares of common stock in exchange for $142.2 million of the notes. The share count includes stock issued for exchange adjustment consideration and accrued unpaid interest.

The company will exchange the remaining $13.6 million in notes for an additional 12.4 million shares once certain noteholders confirm the delivery will not violate their ownership limitations under the indenture terms. The remaining share count excludes potential shares for accrued unpaid interest.

In total, AMC expects to issue approximately 142.1 million shares of common stock through the complete exchange process. All exchanged notes will be cancelled according to the governing indenture.

The exchange represents a conversion of debt to equity for the movie theater chain, which has been managing its capital structure following financial pressures in recent years.

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