AMC ($AMC (+1,27 %) ) has announced that the company has assumed debt of approximately 163.85 million US dollars in shares into shares. This conversion will take place in the context of debt to equity swaps in which more than 23 million shares Class A shares of AMC will be issued. The value of these shares was set at 7.33 US dollars per share.

The converted debt consists of 10%/12% Cash/PIK Toggle Second Lien Subordinated Notes due 2026 due in 2026. This means that AMC will issue these bills, which are a mixture of fixed and deferred interest, will be redeemed early by issuing shares.