AMC Looks to Pay Down Debt With Several Exchange Agreements

AMC Entertainment (NYSE:AMC) stock has fallen by more than 20% during the past month. Part of this fall is attributable to general market weakness, while the other part is likely due to dilution.Yesterday, the movie theater chain released a Form 8-K documenting a debt for equity exchange. Between Dec. 28 and Dec. 29, AMC agreed to enter into a series of privately negotiated exchange agreements. These agreements will see AMC issue 3.25 million shares in exchange for $22.5 million of aggregate principal amoun ...