AMC Entertainment Inc. expects to complete a $375 million bond offering Friday to replace higher-cost debt.
The bonds will pay 5.875 percent and come due in 2022, the Leawood-based movie theater chain operator said. Only “qualified institutional buyers” are being offered the bonds.
AMC plans to use the money, along with other funds from a recent public stock offering by its parent company, to buy back $600 million of debt that costs it 8.75 percent interest and comes due in 2019.
On Dec. 17, AMC Entertainment Holdings Inc. generated $331.6 million by selling 20 percent of its shares to the public. The bulk is owned by Dalian Wanda Group, based in China.
| Mark Davis, email@example.com