AMC Entertainment Receives $100M Investment To Maintain Operataions

Monday, December 14th 2020, 12:19 pm
By: CBS News


The nation's largest theater chain has been thrown a lifeline to deal with financial struggles amid the pandemic.

AMC Theaters says Mudrick Capital Management has agreed to invest $100-million next year to help with operations. AMC is currently only operating about 400 of its roughly 600 locations with limited hours and seating. Mudrick Capital Management is an SEC-registered investment advisor and will also convert $100 million of existing AMC debt into AMC common stock.