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AMC Entertainment's $300M Term Loan Due 2018 Rated 'BB-' (Recovery Rating: 1) Feb 12
Standard & Poors, Feb 2012
Abstract
U.S.-based movie theater exhibitor AMC Entertainment Inc. is issuing $300 million of term loan debt due 2018. We are assigning the term loan our 'BB-' issue-level rating and a '1' recovery rating, while our 'B' rating on the company remains unchanged. The stable rating outlook reflects our expectation that the company will maintain liquidity of at least $100 million and leverage below 10x over the intermediate term. CHICAGO (Standard & Poor's) Feb. 7, 2012--Standard & Poor's Ratings Services said today that it assigned Kansas City, Mo.-based movie exhibitor AMC Entertainment Inc.'s proposed $300 million term loan due 2018 its 'BB-' issue-level rating (two notches higher than our 'B' corporate credit rating on the company). We also assigned a recovery rating...
Companies mentioned in this report are: AMC Entertainment Holdings Inc.,AMC Entertainment Inc.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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