01:52 PM EDT, 07/22/2024 (MT Newswires) -- AMC Entertainment Holdings ( AMC ) has reached an agreement with its creditors that will restructure its debt and move US theaters into a different unit of the company, Bloomberg reported Monday, citing people with knowledge of the plans.

The move will shift the theaters' value of of the reach of some of the creditors and allow AMC to exchange existing debt for new obligations backed by those locations, the people reportedly told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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