Simpson Thacher represented AMC Entertainment Holdings, Inc. (“AMC”) in connection with its Rule 144A/Regulation S offering of $500 million aggregate principal amount of 10.5% first lien notes due 2025. Simpson Thacher also advised AMC in connection with an amendment to its term loan and revolving credit agreement and an amendment to the revolving credit facility agreement of Odeon Cinemas Group Limited, its subsidiary.
AMC intends to use the net proceeds from the offering for general corporate purposes, including further increasing its liquidity.
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe.
The Simpson Thacher team included Kenneth Wallach, Will Golden, Tony Rim, Eva Kang, Evan Zuckerman, Elise Quinones, Crystal Oparaeke and Deul Lim (Capital Markets); Jennifer Hobbs, Robyn Cho, Ben Carson and Adam Deutsch (Credit); John Creed and Jon Cantor (Tax); Ashlie Lawton (Executive Compensation and Employee Benefits); Lori Lesser and Loren Shokes (Intellectual Property); and Jon Pall (Collateral).