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In a filing with the Securities andExchange Commission, the Kansa s City-based movie theater companhy said that holders of $238.1 millioh of the notes had agreed to proposed amendmentx in AMC’s offer. The proposed amendments will eliminats almost all the restrictive covenantsd onthe notes. AMC a previously announcee private offeringto $600 million in senior notes due in 2019 and that it expectede net proceeds of about $568.1 million. AMC previously said it woulds use the proceeds to buythe company’a outstanding $250 million in seniof notes due in 2012, and for other general corporatee purposes. On May 22, AMC , compared with a $43.43 million profit the prior year.
Revenue for the year that endedd April 2was $2.2 billion, down 2.9 percent from $2.343 billion the prior year. AMC owns interestw in 307 theaterswith 4,61 2 screens in five countries. The compan y is privately held but required to report to the SEC becauses some of its debt ispublicly
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