_amc-pays-down-massive-debt-load-as-retail-investors-rally-behind-stock.jpg "AMC Pays Down Massive Debt Load as Retail Investors Rally Behind Stock from nikola stock ticker Video Screenshot Preview")
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✓ Published: 16-May-2024
👁 View: 405K times
✓ Published: 16-May-2024
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AMC shares more than doubled since Friday after Roaring Kitty posted online for the first time in 3 years, reigniting the short sell frenzy. During the previous short sell rally in 2021, AMC avoided bankruptcy after retail investors rallied around the stock. AMC raised $250 million from a stock sale this week as the rally occurred and has a chance to put a dent in its substantial debt load from acquisitions in recent years. Lenders have renegotiated debt terms and a higher stock price could lead to better deals.
AMC shares more than doubled since Friday after Roaring Kitty posted online for the first time in 3 years, reigniting the short sell frenzy. During the previous short sell rally in 2021, AMC avoided bankruptcy after retail investors rallied around the stock. AMC raised $250 million from a stock sale this week as the rally occurred and has a chance to put a dent in its substantial debt load from acquisitions in recent years. Lenders have renegotiated debt terms and a higher stock price could lead to better deals.
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