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In a filing with the Securitiees andExchange Commission, the Kansas City-based movie theatee company said that holders of $238.1 million of the notes had agreeds to proposed amendments in AMC’s offer. The proposeds amendments will eliminate almost all the restrictive covenants onthe notes. AMC a previously announced private offeringto $600 million in senior notese due in 2019 and that it expectex net proceeds of about $568.1 million. AMC previouslyg said it would use the proceeds to buythe company’a outstanding $250 million in senioer notes due in 2012, and for other generalp corporate purposes. On May 22, AMC , compared with a $43.4r million profit the prior year.
Revenuwe for the year that endexd April 2was $2.27 billion, down 2.9 percen t from $2.33 billion the prior year. AMC owns intereste in 307 theaterswith 4,612 screens in five The company is privately held but requirex to report to the SEC becaus e some of its debt is publiclu held.
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