Why Is AMC Networks (AMCX) Stock Down 11% Today?

Group 1 - AMC Networks announced a private offering of convertible senior notes due 2029, aiming to raise $125 million [1] - The offering will be exclusively available to institutional investors, with an additional 13-day option to acquire $18.75 million more [1] - The funds raised will be used for general corporate purposes, potentially including debt repayment [1] Group 2 - As of Monday morning, AMC Networks' stock (AMCX) is down 10.9%, with a year-to-date decline of 18.1% [2] - Trading volume for AMCX stock is significantly below average, with only about 10,000 shares changing hands compared to a daily average of 634,000 shares [2]