8-KThe WireStrategic
Agreement Terminated · Company Update
Filed Apr 19, 2024 · 2y ago · Accession 0001104659-24-049486
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): April 19, 2024
AMC
ENTERTAINMENT HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-33892
26-0303916
(State
or Other Jurisdiction of
(Commission
File Number)
(I.R.S. Employer Identification
Incorporation)
Number)
One AMC Way
11500 Ash Street , Leawood , KS 66211
(Address of Principal Executive Offices, including
Zip Code)
( 913 )
213-2000
(Registrant’s Telephone Number, including
Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol
Name
of each exchange on which registered
Class A common stock
AMC
New York Stock Exchange
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 1.02.
Termination of a Material Definitive Agreement.
To
the extent applicable, the information set forth in Item 8.01 below is incorporated herein by reference.
Item 8.01 Other Events.
As
previously disclosed, AMC Entertainment Holdings, Inc.’s (the “Company”) $225.0 million senior secured revolving
credit facility (the “Senior Secured Revolving Credit Facility” or the “Facility”) matures by its terms on April 22,
2024, and the Company does not intend to renew the Facility. The Company has entered into a new letter of credit facility in order to
continue to provide letters of credit in the ordinary course of business.
The
Senior Secured Revolving Credit Facility included a financial covenant that required, in certain circumstances, compliance with a certain
secured leverage ratio (the “Revolver Financial Covenant”); however, the requisite revolving lenders previously agreed to
suspend testing of the Revolver Financial Covenant through the testing period ending March 31, 2024 subject to certain conditions,
including a minimum liquidity requirement of $100 million.
As
of April 19, 2024, and in anticipation of the maturity of the Facility, the Company has voluntarily terminated the commitments under
the Senior Secured Revolving Credit Facility in full and paid off any remaining obligations with respect to the Senior Secured Revolving
Credit Facility (the “Revolver Payoff”). Immediately from and after the Revolver Payoff, the Revolver Financial Covenant and
the related covenant suspension conditions are no longer in effect pursuant to the terms of the Credit Agreement, dated as of April 30,
2013 (as amended from time to time) (the “Credit Agreement”). The termination of the Senior Secured Revolving Credit Facility
does not otherwise affect the senior secured term loan facility under the Credit Agreement.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description
of Exhibit
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
AMC ENTERTAINMENT HOLDINGS, INC.
Date: April 19, 2024
By:
/s/ Kevin M. Connor
Name: Kevin M. Connor
Title: Senior Vice President, General Counsel and Secretary
Filing details
- Ticker
- AMC
- CIK
- 1411579
- Form type
- 8-K
- Filing date
- Apr 19, 2024
- Report date
- Apr 19, 2024
- Document
- tm2411998d1_8k.htm
- Size
- 199 KB