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AMC Entertainment Receives Approx. USD 203m of Proceeds from Two Sales
Thursday 12 July 2018

12 July 2018 - US-based movie exhibition company AMC Entertainment Holdings, Inc. (NYSE: AMC) has received approximately USD 203m in proceeds related to two recently completed transactions to monetize non-strategic assets, the company said.

AMC completed the transaction to sell the entirety of its remaining equity interest in National CineMedia, LLC., having sold all its 21,477,480 NCM common units under previously announced terms and received USD 156.8m in cash.

Abry Partners completed its transaction to acquire a controlling stake in Screenvision Media.

AMC retains a minority interest in Screenvision, and as a part of the transaction received approximately USD 45.8m of cash proceeds.

As has been the case heretofore, AMC plans to use the sale proceeds to pursue the four primary goals of its capital allocation strategies: deleveraging, returning cash to shareholders through share buybacks and dividends, increasing its footprint by adding new theatres in the US, Europe and the Middle East and achieving high investment returns through renovation of theatres with recliner seats, enhanced food and beverage options and an increased commitment to premium large format screens.

AMC is the largest movie exhibition company in the US, in Europe and throughout the world with more than 1,000 theatres and 11,000 screens across the globe.
Details
Date Published: 12/07/2018
Target: Interest in National CineMedia, minority interest in Screenvision
Country: USA
Deal Size: 203m (USD)
Sector: Leisure/Arts
Type: Divestment
Financing: Cash
Status: Closed
Vendor: AMC Entertainment
Buyer: Abry Partners
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