By Sabela Ojea
AMC Leisure Holdings Inc. reported Wednesday that it entered into an modification to prolong the covenant suspension period of time of a mortgage for an added calendar year.
The theater chain reported the mounted date for the termination of the covenant suspension period of time has been extended for a twelfth time to March 31, 2024.
The corporation, which in April 2013 1st signed this credit score agreement with some unnamed revolving creditors, has been reaching amendments to the dateline since November 2016.
As an ongoing condition to the suspension of the economical covenant, AMC Entertainment agreed to a bare minimum liquidity check and an anti-money hoarding examination, among the other specifications, the corporation extra.
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