AMC ENTERTAINMENT HOLDINGS, INC. 8-K

What Happened

• On January 29, 2026, AMC Entertainment Holdings, Inc. and its wholly owned subsidiary Muvico entered a letter agreement with holders of Muvico’s Senior Secured Notes due 2029 to amend the 2029 notes indenture. The agreed Indenture Amendments are intended to give AMC flexibility to refinance an outstanding term loan and the 12.75% Senior Secured Notes due 2027 issued by Odeon Finco PLC (an Odeon Cinemas Group subsidiary), potentially with new debt that may be secured and guaranteed by AMC, OCGL and Muvico and their subsidiaries. The parties agreed to cooperate to finalize the amendments no later than February 23, 2026.
• In connection with the amendments, AMC agreed to pay the 2029 noteholders a consent fee of up to 17,806,866 shares of AMC common stock, subject to reduction based on the trading price of AMC stock during a post-agreement period. Separately, AMC furnished a press release announcing select preliminary estimated financial results for the three months and full year ended December 31, 2025.

Key Details

• Agreement date: January 29, 2026; target to effectuate amendments by February 23, 2026.
• Consent Fee: up to 17,806,866 shares of AMC common stock (may be reduced based on trading price).
• Purpose: Amend 2029 notes indenture to allow refinancing of term loan and Odeon Finco PLC’s 12.75% notes due 2027 with potentially secured/guaranteed new debt.
• Company furnished a press release with preliminary Q4 and full-year 2025 financial estimates (Exhibit 99.1 to the 8-K).

Why It Matters

• For investors, the indenture amendments are material because they give AMC flexibility to restructure and refinance debt across AMC and its subsidiaries, which could affect the company’s credit profile and future interest obligations.
• The consent fee paid in shares represents potential dilution (up to ~17.8 million shares) depending on final adjustments.
• The filing also includes preliminary financial results and reiterates forward-looking statements and risks (liquidity, indebtedness, box office recovery, and other factors) that investors should consider when evaluating AMC’s near-term financial outlook.