By Sabela Ojea
AMC Amusement Holdings Inc. stated Wednesday that it entered into an modification to lengthen the covenant suspension interval of a loan for an extra year.
The theater chain stated the preset date for the termination of the covenant suspension period has been extended for a twelfth time to March 31, 2024.
The firm, which in April 2013 very first signed this credit rating settlement with some unnamed revolving creditors, has been reaching amendments to the dateline considering that November 2016.
As an ongoing affliction to the suspension of the economical covenant, AMC Entertainment agreed to a bare minimum liquidity exam and an anti-hard cash hoarding check, among other demands, the business extra.
Publish to Sabela Ojea at sabela.ojea@wsj.com @sabelaojeaguix