New York, February 13, 2026, 19:07 EST — After-hours
AMC Entertainment Holdings (NYSE: AMC) said it signed a supplemental indenture — an amendment to the contract governing notes at its Muvico unit — in a move aimed at widening its debt-refinancing options, a filing showed. The change is intended to let AMC refinance its term loan and Odeon Finco’s 12.75% senior secured notes due 2027 with new borrowings that could be backed by assets and guaranteed by AMC and related units.
The tweak matters because AMC’s balance sheet remains a market issue, and the company has leaned on refinancing to buy time while theater demand stays uneven. Anything that hints at fresh collateral, new debt or potential dilution tends to hit the stock fast.
U.S. cash equity markets will be closed on Monday for Washington’s Birthday, pushing the next regular session to Tuesday and giving investors a longer window to chew on filings and funding signals. (New York Stock Exchange)
AMC shares closed Friday up 0.8% at $1.23, ending a four-day slide. Volume was about 49 million shares, according to data compiled by StockAnalysis. (StockAnalysis)
The stock had fallen 3.9% on Thursday to $1.22 in a broader selloff, and it remains roughly 70% below its 52-week high, MarketWatch data showed. Rival Cinemark fell 4.5% and Marcus Corp dropped 2.1% that session. (MarketWatch)
Late last month, AMC forecast a wider-than-expected fourth-quarter net loss and said it had struck an agreement with some creditors designed to help cut interest costs and extend maturities. CEO Adam Aron said the box office “improved modestly year-over-year, rising approximately 1.5%,” even as the chain stayed in the red. (Reuters)
AMC is set to report fourth-quarter and full-year 2025 results on Feb. 24, with a webcast scheduled for 5 p.m. ET, according to the company’s investor relations calendar. (AMC Entertainment Holdings, Inc.)
Earlier this week, AMC put in place a program allowing sales of up to $150 million of Class A stock through at-the-market offerings — selling shares into the open market from time to time — and related forward transactions, another filing showed. The company said proceeds could go toward liquidity, debt repayment or refinancing, and upgrades under its “AMC GO Plan.” (SEC)
But the latest debt step is not a refinancing by itself. Any new secured borrowing could come with tighter rules for the business and more assets pledged to creditors, while stock sales would dilute existing holders if AMC taps the program heavily.
With the next session pushed to Tuesday by the holiday, traders will watch for follow-on moves that put numbers on the refinancing plan — pricing, collateral and timing — and for any sign the equity-sale program is being used. The next hard catalyst is the Feb. 24 earnings report and call.
