Shares of AMC Networks Inc. (AMCX), an entertainment company, were falling more than 10 percent in pre-market on Monday to $14, after announcing its plan to privately offer $125 million of convertible senior notes due 2029.
AMC Networks expects to use the net proceeds from the offering for general corporate purposes including repayment of debt.
AMC Networks shares had closed at $15.71, up 0.51 percent on Friday. The stock has traded in the range of $9.87 - $20.97 in the last 1 year.
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.