AMC in Talks to Leverage European Assets for Another Lifeline
Movie-theater giant is in discussions for a potential financing package backed by its U.K.-based Odeon subsidiary
published : 8 Jan 2021 at 04:00 People take their seats inside the Odeon Luxe Leicester Square cinema in August last year. AMC acquired the movie-theater chain in 2016. (Photo: Reuters)
AMC Entertainment Inc. is in talks with Apollo Global Management Inc. and other top creditors over a potential financing deal backed by the cinema chain s European assets, according to people familiar with the matter.
AMC, the world s largest movie-theater company, is negotiating with lenders including Apollo, Davidson Kempner Capital Management LP, and Ares Management Corp. to expand the line of credit available to the company s U.K.-based Odeon Cinemas Group subsidiary, these people said.
AMC in Talks to Leverage European Assets for Another Lifeline
Movie-theater giant AMC Entertainment is in discussions for a potential financing package backed by its U.K.-based Odeon subsidiary
An Odeon cinema in London in November. AMC acquired the movie-theater chain in 2016. Photo: Han Yan, Timireland/Zuma Press By Jan. 6, 2021 11:20 am ET
AMC Entertainment Inc. is in talks with Apollo Global Management Inc. and other top creditors over a potential financing deal backed by the cinema chain’s European assets, according to people familiar with the matter.
AMC, the world’s largest movie theater company, is negotiating with lenders including Apollo, Davidson Kempner Capital Management LP, and Ares Management Corp. to expand the line of credit available to the company’s U.K.-based Odeon Cinemas Group subsidiary, these people said.
The dismantling of Sir Philip Green s high street empire is about to accelerate after the appointment of agents to oversee the sale of the tycoon s former flagship Topshop store.
Sky News has learnt that administrators to Redcastle (214 Oxford Street) Limited, which owns the central London property next to Oxford Circus station, have appointed Eastdil and Savills to advise on the site s future.
A source close to the situation said on Friday that Eastdil would oversee the sale strategy for the building, while Savills would advise on future leasing options.
Please use Chrome browser for a more accessible video player Arcadia goes into administration
Davidson Kempner Capital Management LP : Form 8.3 - AA plc
FORM 8.3
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
Davidson Kempner Capital Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
Use a separate form for each offeror/offeree
AA plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
For an opening position disclosure, state the latest practicable date prior to the disclosure