AMC ENTERTAINMENT HOLDINGS, INC. 8-K

What Happened

• On February 23, 2026 AMC Entertainment Holdings, Inc. filed an 8‑K to announce that its indirect subsidiary Muvico, LLC has commenced an offering of $1,730 million aggregate principal amount of first‑lien notes due 2031. The Notes will be jointly and severally guaranteed by AMC and certain wholly‑owned subsidiaries and are being offered in transactions exempt from registration under the Securities Act.
• AMC said the net proceeds from the Notes, together with proceeds from a new $750 million term loan facility and cash on hand, will be used to (i) redeem in full $400 million aggregate principal of 12.750% Senior Secured Notes due 2027 issued by Odeon Finco PLC, (ii) refinance AMC’s existing term loan facility in full, and (iii) pay related fees and expenses. Concurrently, Odeon delivered a conditional notice to redeem the Odeon Notes.

Key Details

• $1,730 million — aggregate principal amount of first‑lien notes being offered by Muvico, LLC; maturity 2031; guaranteed by AMC and qualifying subsidiaries. Date of filing: Feb 23, 2026.
• $750 million — new term loan facility expected to be entered into in connection with the offering; proceeds plus cash will be used alongside the Notes proceeds.
• $400 million — amount of Odeon Finco PLC’s 12.750% Senior Secured Notes due 2027 targeted for full redemption; redemption price stated as 103.188% of principal plus accrued interest.
• Redemption condition — the Odeon redemption is conditioned on completion of one or more financing transactions producing at least $2,480 million aggregate gross proceeds contemporaneously with or prior to the redemption date; AMC may waive the conditions. The Notes are not registered under the Securities Act and cannot be offered or sold in the U.S. absent registration or an applicable exemption.

Why It Matters

• The transactions aim to change AMC’s debt mix by issuing new secured first‑lien notes and a new term loan to refinance existing higher‑cost or near‑term debt and to redeem Odeon’s 2027 notes. For investors, this could affect AMC’s interest expense, maturity profile and leverage depending on final terms and whether the planned financings close.
• The Odeon redemption is conditional on securing significant aggregate financing ($2.48B), so the outcome is uncertain until those financings are completed. The filing also includes standard forward‑looking statements and risk disclosures about liquidity, indebtedness and other factors that could affect results.