The movie theater chain operator is looking to reduce its interest burden and extend debt maturities by a number of years, according to The Journal.
The company's stock has declined nearly 42% this year. AMC bonds, which previously fared well relative to stock performance, have also declined by several points, the report said.
AMC could potentially finalize a refinancing agreement that would reduce its interest expense even if the fall in bond prices leads to an increase in bond yields, the source was quoted as saying.
AMC could not be reached for comment by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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