Post-Pandemic, to Take 'Years' for AMC to Repay Debt: Wedbush
It will take “years” for AMC to repay its debt burden, Wedbush's Michael Pachter wrote investors Monday, despite increasing optimism about the exhibition industry as it nears a post-pandemic environment. “Demand for theatrical content is high, and plenty of high-quality…
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content is awaiting audiences,” said Pachter. While theaters have been closed or in limited use for over a year, AMC has “successfully expanded its liquidity, raising enough to last through midsummer without an incremental box office boost,” said the analyst.