AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or the “Company”), today announced that it has entered into a Transaction Support Agreement with key creditor groups, including certain holders representing approximately 62% of its 7.5% Senior Secured Notes due 2029 (the “Consenting 7.5% Noteholders”), certain holders representing approximately 76% of Muvico, LLC’s 6.00%/8.00% Senior Secured Exchangeable Notes due 2030 (the “Consenting Exchangeable Noteholders”) and certain lenders representing approximately 14% of AMC’s term loans outstanding under its existing credit agreement (the “Credit Agreement,” and any such consenting lenders, the “Consenting Term Loan Lenders”).

The agreement reflects strong creditor support for AMC’s long-term recovery and includes a comprehensive package of transactions designed to strengthen the Company’s balance sheet and resolve outstanding litigation. With the exception of the Equitization (as defined below), Term Loan Lenders representing at least 50.1% of AMC’s term loans outstanding under its Credit Agreement will be required to consent to the effectiveness of the transactions (such limited consent, the “Requisite Term Loan Consent”).

Highlights of the agreement include:

Under the terms of the agreement and subject to Requisite Term Loan Consent:

For more information, please refer to the Form 8-K filed by AMC today with the U.S. Securities and Exchange Commission and available on our website at https://investor.amctheatres.com/sec-filings/all-sec-filings.

Adam Aron, Chairman and CEO of AMC, commented, “The successful signing of this Transaction Support Agreement is yet another important and strategic move, as AMC continues to fortify our financial footing, and improve the trajectory of our post pandemic recovery. Thanks to constructive engagement with our lenders, we’ve achieved a smart outcome that meaningfully strengthens AMC’s balance sheet. Assuming we obtain the required consent from our Term Loan Lenders, this announcement will bring in more than $220 million of new money financing to AMC that can be used to refinance upcoming 2026 debt maturities. We also will immediately benefit from the conversion of at least $143 million of debt into equity, with the potential to equitize even more, up to a total of $337 million of debt to equity. Importantly, this agreement also offers a full resolution of existing litigation with a group of our first lien 7.5% noteholders.”

Aron added, “We continue to make positive advances, at a time when we also are riding the powerful wave of a recently resurgent industry-wide box office that commenced in April of this year. The domestic box office in the second quarter of 2025 is up impressively compared to the same period last year, and our full-year industry projections point to the strongest box office performance in five years. We further anticipate more improvement in the domestic industry box office next year too, such that in our view 2026 also will show continued growth and momentum. That’s an extraordinary backdrop for AMC’s ongoing recovery efforts.”

Aron continued, “Make no mistake, AMC is playing on offense again. Recently, at our U.S. theatres for example, AMC has announced or implemented: a dramatic expansion in the number of our premium large format and extra large format screens, continued broad deployment of state-of-the-art laser projection, the renovation of select high-grossing theatres, a new “50% off Wednesdays” discount pricing strategy designed to boost midweek patronage, as well as pro-consumer enhancements to our already highly popular AMC Stubs loyalty and A-List subscription programs. We can add to that sweeping set of initiatives this collaborative agreement being announced today, which is indicative of strong support for AMC from our lenders.”

Aron concluded, “At a time when the movie industry is beginning to hit its stride, we believe AMC is doing the same, backed by an increasingly stronger balance sheet, and the confidence of our financial partners. We are laser-focused on taking bold steps which in our view will work to drive long-term shareholder value.”

About AMC Entertainment Holdings, Inc.
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 870 theatres and 9,700 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.