AMC Stock Pops on News Company Will Restructure Debt

A long-struggling meme stock is back in the green today on a positive update. AMC Entertainment (NYSE:AMC) has announced plans to refinance its debt burden. The company says it will “undertake a series of refinancing transactions to extend the maturity of about $2.5 [billion] of existing debt.” As of now, the company plans on extending its debt through 2029 and beyond.What’s Happening with AMC StockSeeking Alpha notes that AMC and its subsidiaries will be issuing “$1.2 [billion] of new term loans and about ...