Shares of AMC Entertainment Holdings Inc. AMC,
increased 28.2% on Tuesday, with a very heavy volume, after the struggling cinema operator announced that it had paid $ 100 million through the first lien, with the secured notes in 2026. The trading volume rose to 206 , 3 million shares, enough to make the stock the most actively traded on the NYSE, and more than six times the average day of approximately 33.4 million shares over the past 30 days. The stock has now risen 51.0% since closing at a record low of $ 1.98 on January 5th. AMC said the $ 100 million dollar carries interest at a rate of 15% per annum. Interest for the first three interest periods after the issue date can be paid in kind at a rate of 17% per annum. The company can redeem up to 35% of the principal amount of the notes with returns from share offerings on or before January 15, 2023. Despite recent gains, the stock has continued to lose 15.6% over the past three months, tumbling 59.0 . % over the past 12 months, while the S&P 500 SPX,
has increased by 14.2% in the past year.
