The trade puts Silver Lake and its co-investors in the black following a $600 million convertible bond investment that the private equity firm made in AMC in 2018. Such an outcome looked unlikely when AMC, the world’s largest movie theater chain, was battling to stave off bankruptcy last summer, a move it avoided thanks to a debt restructuring deal with Silver Lake and its creditors.
AMC shares had dropped 70% in 2020 to close the year at $2.12, as many of the company’s movie theaters closed or operated with reduced capacity during the COVID-19 pandemic.
Source: Entertainment Trends (entertainmenttrends.net)
It happened the 27th u bear corporate sell out
Shut up bear
LOL, WSB idiots helped the Silver Lake suits make money.
It’s always the big Corp makes all the money after all, all those who holds are the one loses money, and the one asking people to buy in and gold are the one working for the big Corp or want to cash out first themselves