07:48 AM EDT, 07/02/2025 (MT Newswires) -- AMC Entertainment ( AMC ) said Wednesday that lenders representing more than 80% of its term loans due 2029 have joined as a party to a transaction support agreement, satisfying a condition to move forward with a new agreement announced a day earlier.

Highlights of the agreement previously announced include $223.3 million in new money financing that will primarily be used to refinance debt maturing in 2026, the company said.

It will also include the immediate conversion into equity of at least $143 million and up to $337 million of 6.00% and 8.00% senior secured exchangeable notes due 2030, the company said.

The agreement also includes a full resolution of litigation with certain holders of AMC's 7.5% senior secured notes due 2029, the company said.

AMC shares were 1.6% higher in premarket trading.