Loan & DebtApr 17, 2026, 04:42 PM
AMC Subsidiary Odeon Secures $425M Loan at 10.50% to Refinance Debt
AI Summary
Odeon Finco PLC, a wholly-owned indirect subsidiary of AMC Entertainment Holdings, Inc., entered into a new Credit Agreement for $425 million in term loans. These new loans, maturing in 2031 with a fixed interest rate of 10.50%, were used to fully redeem Odeon's outstanding 12.750% Senior Secured Notes due 2027. This refinancing extends the maturity of the debt and reduces the interest rate, which is a positive financial move for the subsidiary and AMC.
Key Highlights
- Odeon Finco PLC, an AMC subsidiary, secured $425 million in new term loans.
- The new Odeon Term Loans mature on April 17, 2031, extending debt maturity.
- The loans bear a fixed interest rate of 10.50%.
- Proceeds were used to fully redeem Odeon's 12.750% Senior Secured Notes due 2027.
- AMC provides an unsecured guarantee for the Odeon Term Loans.