Entertainment company, AMC Networks Inc. (AMCX), Monday announced its intention to commence the private offering of $700 million of senior secured notes due 2029.
AMC plans to use the proceeds, along with the existing cash from business, to purchase its outstanding 4.75 percent senior notes due 2025 worth around $775 million.
The company further stated that the notes will be guaranteed, on a joint and several basis, by its existing and future domestic subsidiaries.
Currently, AMC's stock is climbing 0.73 percent, to $11.72 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.