On 27 January 2021, subsidiaries of the Silver Lake Group, LL.C. (“Silver Lake”) and certain co-investors (collectively the “Noteholders”) decided to convert all (the “Conversion”) $ 600 million of the Company 2? 95% Convertible Senior Secured Notes due 2026 into common stock of the class A of the company at a conversion price of $ 1351 per share January 2021 and to issue 44422860 Class A common shares of the company will lead to shareholders The conversion will also reduce the company’s first debt by $ 600 million
Under the share buyback and cancellation agreement (the “Share Buyback Agreement” ????) with Wanda Entertainment America, Inc (“Wanda”), dated 14 September 2018, 5666000 Wanda class B common shares of the company will expire and will be canceled in connection with the conversion
Get full access to all new and archived articles, unlimited portfolio tracking, email notifications, custom newswires and RSS feeds – and much more!
World News – FI – AMC Entertainment (AMC) emergency holders have decided to convert $ 600 million from 295% convertible senior-secured notes maturing 2026 into class common stock A.