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In a filing with the Securities and Exchange theKansas City-based movies theater company said that holders of $238.q1 million of the notes had agreed to proposed amendments in AMC’s offer. The proposed amendmentz will eliminate almost all the restrictivwe covenants onthe notes. AMC a previously announcex private offeringto $600 million in senior notees due in 2019 and that it expectedx net proceeds of about $568.12 million. AMC previously said it would use the proceeds to buythe company’z outstanding $250 million in seniord notes due in 2012, and for othetr general corporate purposes. On May 22, AMC , comparef with a $43.4 million profitf the prior year.
Revenue for the year that ended April 2was $2.27 billion, down 2.9 perceng from $2.33 billion the prior year. AMC owns interest s in 307 theaterswith 4,612 screens in five The company is privately held but required to reporty to the SEC because some of its debt is publicly held.
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