Why Is AMC Networks (AMCX) Stock Down 11% Today?

AMC Networks (NASDAQ:AMCX) stock is falling on Monday after the video entertainment company announced plans for a private offering of convertible senior notes due 2029.AMC Networks notes that this convertible offering will raise $125 million for the company. It will only be offering these convertible senior notes to institutional investors. Also, they will have a 13-day option starting on the first day the notes are issued to acquire another$18.75 million worth of notes.AMC Networks already has plans for t ...