AMC Entertainment Scores Nearly $1 Billion in New Financing

AMC Entertainment (NYSE: AMC) announced it secured nearly $1 billion in new financing, sending its stock soaring in premarket trading Monday.

The theater chain operator was tiptoeing around bankruptcy after the COVID-19 pandemic forced cinemas to close, Hollywood to shut down, and premieres of movies already made to be postponed until later in 2021.

Image source: Getty Images.

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Source Fool.com