Jialat lia_老虎社区_美港股上老虎

2022-01-26

Jialat liao

AMC in Advanced Talks to Refinance Debt as Meme-Stock Luster Fades<blockquote>随着模因股票光彩消退，AMC 正在就债务再融资进行谈判</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":639392941,"tweetId":"639392941","gmtCreate":1643160101805,"gmtModify":1643160102014,"author":{"id":3575188860884045,"idStr":"3575188860884045","authorId":3575188860884045,"authorIdStr":"3575188860884045","name":"Zasper","avatar":"https://static.tigerbbs.com/647533310e84099eea8515d90e6e2f94","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":7,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Jialat liao&nbsp;</body></html>","htmlText":"<html><head></head><body>Jialat liao&nbsp;</body></html>","text":"Jialat liao","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/639392941","repostId":1111320468,"repostType":4,"repost":{"id":"1111320468","kind":"news","pubTimestamp":1643152276,"share":"https://www.laohunote.com/m/news/1111320468?lang=zh_CN&edition=full","pubTime":"2022-01-26 07:11","market":"us","language":"en","title":"AMC in Advanced Talks to Refinance Debt as Meme-Stock Luster Fades<blockquote>随着模因股票光彩消退，AMC 正在就债务再融资进行谈判</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111320468","media":"The Wall Street Journal","summary":"As AMC shares and bonds fall, the cinema giant is in active discussions to refinance its high-intere","content":"<html><head></head><body>As AMC shares and bonds fall, the cinema giant is in active discussions to refinance its high-interest debt, people familiar with the matter said<blockquote><html><head></head><body>知情人士称，随着 AMC 股票和债券下跌，这家电影巨头正在积极讨论为其高息债务再融资</body></html></blockquote><img src=\"https://static.tigerbbs.com/8bbd83fd4b253c1c0c2ce62fec75beec\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/>AMC shares have fallen 41% this year through Tuesday’s market close.<blockquote>截至周二收盘，AMC 股价今年以来已下跌 41%。</blockquote>AMC Entertainment Holdings Inc. is stepping up its efforts to refinance some of its debt as the cinema chain’s shares and bonds have slumped, giving up most of their gains since the company became a meme-stock favorite.<blockquote>AMC院线控股公司正在加紧努力为部分债务进行再融资，因为这家连锁影院的股票和债券都暴跌，放弃了自该公司成为备忘录股票以来的大部分收益。</blockquote>AMC is in advanced refinancing talks with multiple interested parties, according to people familiar with the matter who said the company has options to lower its interest burden and stretch out maturities by several years.<blockquote>据知情人士透露，AMC 正在与多个利益相关方进行深入再融资谈判，他们表示，该公司可以选择降低利息负担并将期限延长数年。</blockquote>Chief Executive Adam Aron said earlier this year that in 2022 he would like to refinance the expensive debt the company took on to outlast the pandemic. The selloff in AMC’s bonds might make refinancing more difficult, especially as the Federal Reserve prepares to raise rates, according to financial analysts.<blockquote>首席执行官亚当·阿伦 (Adam Aron) 今年早些时候表示，他希望在 2022 年对公司为度过疫情而承担的昂贵债务进行再融资。金融分析师认为，AMC 债券的抛售可能会使再融资更加困难，尤其是在美联储准备加息的情况下。</blockquote>AMC’s stock has declined by 41% this year through Tuesday’s market close, a steeper drop than the broader market selloff hitting stocks and cryptocurrencies. While the company’s bonds had previously held up even as its shares slipped, on Monday the bonds dropped by several points. That indicates that even creditors, who enjoy a greater degree of protection from losses than stockholders, are getting skittish about the business.<blockquote>截至周二收盘，AMC 的股价今年已下跌 41%，跌幅超过了股票和加密货币的大盘抛售。虽然该公司债券此前在股价下跌的情况下一直保持不变，但周一债券下跌了几个点。这表明，即使是比股东享有更大程度的免受损失保护的债权人，也对这项业务感到不安。</blockquote>AMC isn’t targeting all of its debt stack for refinancing, just some of its bonds that carry especially high interest, one of the people familiar with the matter said. Even if the decline in AMC’s bond prices caused their yields to rise, the company may still be able to strike a deal that would cut interest expense compared with what it pays now, the person said.<blockquote>一位熟悉内情的人士说，AMC 并没有将其全部债务进行再融资，只是对部分利息特别高的债券进行再融资。该人士说，即使 AMC 的债券价格下跌导致其收益率上升，该公司仍有可能达成一项交易，与现在支付的利息支出相比，削减利息支出。</blockquote>AMC had $5.5 billion of debt as of September that ranks ahead of the equity, including high-interest bonds, and owed $376 million of lease payments that were deferred during the pandemic.<blockquote>截至 9 月份，AMC 的债务高于股本，其中包括高息债券，并且欠下 3.76 亿美元的租赁付款，这些付款在大流行期间被推迟。</blockquote>On Tuesday, AMC’s $1.5 billion in secured 10% bonds due 2026 traded as low as 92 cents on the dollar, down from 99.5 cents at the start of the year. Another bond with less collateral protection traded as low as 69 cents on the dollar on Monday, down from 72 cents in early January, according to MarketAxess.<blockquote>本周二，AMC 于 2026 年到期的 15 亿美元有担保的 10% 债券兑美元汇率低至 92 美分，低于年初的 99.5 美分。根据 MarketAxess 的数据，另一种抵押品保护较少的债券周一兑美元汇率低至 69 美分，低于 1 月初的 72 美分。</blockquote>In early 2021, AMC became a darling of individual investors, many of whom refer to themselves as the apes.They helped push AMC’s stock price to eye-popping heights through meme-heavy social-media hype, and they came to own more than 80% of the company.<blockquote>2021年初，AMC成为个人投资者的宠儿，其中许多人自称为猿猴。他们通过充斥着备忘录的社交媒体炒作，帮助将 AMC 的股价推向了令人瞠目结舌的高度，并拥有了该公司 80% 以上的股份。</blockquote>“At first it was a very well-defined and purposeful anti-Wall Street type movement,” said Chad Beynon, an analyst at Macquarie Group Ltd., regarding the ape community. “That story is no longer as attractive. After seeing it not working for a few months, there’s some sort of fatigue.”<blockquote>“麦格理集团有限公司（Macquarie Group Ltd.）分析师查德-贝农（Chad Beynon）在谈到猿类社区时说：”起初，这是一场定义明确、目的明确的反华尔街类型的运动。“那个故事不再那么有吸引力了。看到它几个月都不起作用，就会有一种疲劳”。</blockquote>AMC, as well as its peers in the cinema business, continue to struggle with getting customers into their theaters as the pandemic drags on. While the film “Spider-Man: No Way Home” was a recent hit for the theater industry, box-office revenue for the latest weekend amounted to a mere $46 million, compared with $123 million the same weekend in 2020, and $104 million in 2019, according to Comscore data.<blockquote>随着疫情的持续，AMC 及其电影行业的同行继续努力吸引顾客进入他们的影院。根据 Comscore 的数据，虽然电影《蜘蛛侠：无路可退》最近在影院行业大受欢迎，但最近一个周末的票房收入仅为 4600 万美元，而 2020 年同一周末的票房收入为 1.23 亿美元，2019 年为 1.04 亿美元。</blockquote>Since the Covid-19 pandemic began, AMC has stayed alive by a combination of selling new shares, taking on new debt and getting landlords to agree to delay collecting rent payments. But the apes’ takeover of AMC has restricted its options for dealing with the debts it took on to get through the worst of the pandemic lockdowns.<blockquote>自 Covid-19 大流行开始以来，AMC 通过出售新股、承担新债务以及让房东同意推迟收取租金等多种方式得以生存。但是，apes 对 AMC 的收购限制了其处理债务的选择，以度过最严重的大流行病封锁期。</blockquote>Last year, AMC twice failed to win shareholder approval of new equity issuances as apes fretted about dilution, despite Mr. Aron lobbying to allow for more shares to be sold. Now the company isn’t able to issue stock to pay down debt, said Michael Pachter, an analyst at Wedbush Securities.<blockquote>去年，尽管阿伦先生游说允许出售更多股票，但 AMC 两次未能获得股东对新股票发行的批准，因为 apes 担心稀释。韦德布什证券公司（Wedbush Securities）分析师迈克尔-帕切特（Michael Pachter）说，现在该公司无法发行股票来偿还债务。</blockquote>“The shareholders blew that,” Mr. Pachter said.<blockquote>“帕切特先生说：”股东们搞砸了。</blockquote>Despite the sliding share price, some apes are holding on, viewing their commitment to AMC as an act of defiance against the hedge funds and Wall Street institutions that bet against the stock by short selling it. The ape community has also become a forum for opposition to a financial system they believe stacks the deck against individual investors.<blockquote>尽管股价下滑，但一些猿类仍在坚持，将他们对 AMC 的承诺视为对对冲基金和华尔街机构通过卖空该股票来做空该股票的一种反抗行为。ape社区也成为反对金融体系的论坛，他们认为金融体系对个人投资者不利。</blockquote>Anton Torres, a cable technician in Washington state who bought stock in AMC last January, said that he and the other apes he knows are holding on to their shares because they believe that AMC’s stock price might rise again.<blockquote>安东-托雷斯（Anton Torres）是华盛顿州的一名有线电视技术员，去年 1 月购买了 AMC 的股票，他说，他和他认识的其他猿猴之所以持有股票，是因为他们相信 AMC 的股价可能会再次上涨。</blockquote>“I’m holding hoping the value increases, but I’m also holding because it’s bringing awareness to a system that is poorly regulated and I like the stock,” Mr. Torres said.<blockquote>“托雷斯先生说：”我持有股票是希望股价上涨，但我持有股票也是因为它能让人们意识到监管不力的系统，我喜欢这只股票。</blockquote></body></html><blockquote></blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC in Advanced Talks to Refinance Debt as Meme-Stock Luster Fades<blockquote>随着模因股票光彩消退，AMC 正在就债务再融资进行谈判</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC in Advanced Talks to Refinance Debt as Meme-Stock Luster Fades<blockquote>随着模因股票光彩消退，AMC 正在就债务再融资进行谈判</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2022-01-26 07:11\n\n</h4>\n</header>\n<article>\n<html><head></head><body>As AMC shares and bonds fall, the cinema giant is in active discussions to refinance its high-interest debt, people familiar with the matter said<blockquote><html><head></head><body>知情人士称，随着 AMC 股票和债券下跌，这家电影巨头正在积极讨论为其高息债务再融资</body></html></blockquote><img src=\"https://static.tigerbbs.com/8bbd83fd4b253c1c0c2ce62fec75beec\" tg-width=\"860\" tg-height=\"573\" width=\"100%\" height=\"auto\"/>AMC shares have fallen 41% this year through Tuesday’s market close.<blockquote>截至周二收盘，AMC 股价今年以来已下跌 41%。</blockquote>AMC Entertainment Holdings Inc. is stepping up its efforts to refinance some of its debt as the cinema chain’s shares and bonds have slumped, giving up most of their gains since the company became a meme-stock favorite.<blockquote>AMC院线控股公司正在加紧努力为部分债务进行再融资，因为这家连锁影院的股票和债券都暴跌，放弃了自该公司成为备忘录股票以来的大部分收益。</blockquote>AMC is in advanced refinancing talks with multiple interested parties, according to people familiar with the matter who said the company has options to lower its interest burden and stretch out maturities by several years.<blockquote>据知情人士透露，AMC 正在与多个利益相关方进行深入再融资谈判，他们表示，该公司可以选择降低利息负担并将期限延长数年。</blockquote>Chief Executive Adam Aron said earlier this year that in 2022 he would like to refinance the expensive debt the company took on to outlast the pandemic. The selloff in AMC’s bonds might make refinancing more difficult, especially as the Federal Reserve prepares to raise rates, according to financial analysts.<blockquote>首席执行官亚当·阿伦 (Adam Aron) 今年早些时候表示，他希望在 2022 年对公司为度过疫情而承担的昂贵债务进行再融资。金融分析师认为，AMC 债券的抛售可能会使再融资更加困难，尤其是在美联储准备加息的情况下。</blockquote>AMC’s stock has declined by 41% this year through Tuesday’s market close, a steeper drop than the broader market selloff hitting stocks and cryptocurrencies. While the company’s bonds had previously held up even as its shares slipped, on Monday the bonds dropped by several points. That indicates that even creditors, who enjoy a greater degree of protection from losses than stockholders, are getting skittish about the business.<blockquote>截至周二收盘，AMC 的股价今年已下跌 41%，跌幅超过了股票和加密货币的大盘抛售。虽然该公司债券此前在股价下跌的情况下一直保持不变，但周一债券下跌了几个点。这表明，即使是比股东享有更大程度的免受损失保护的债权人，也对这项业务感到不安。</blockquote>AMC isn’t targeting all of its debt stack for refinancing, just some of its bonds that carry especially high interest, one of the people familiar with the matter said. Even if the decline in AMC’s bond prices caused their yields to rise, the company may still be able to strike a deal that would cut interest expense compared with what it pays now, the person said.<blockquote>一位熟悉内情的人士说，AMC 并没有将其全部债务进行再融资，只是对部分利息特别高的债券进行再融资。该人士说，即使 AMC 的债券价格下跌导致其收益率上升，该公司仍有可能达成一项交易，与现在支付的利息支出相比，削减利息支出。</blockquote>AMC had $5.5 billion of debt as of September that ranks ahead of the equity, including high-interest bonds, and owed $376 million of lease payments that were deferred during the pandemic.<blockquote>截至 9 月份，AMC 的债务高于股本，其中包括高息债券，并且欠下 3.76 亿美元的租赁付款，这些付款在大流行期间被推迟。</blockquote>On Tuesday, AMC’s $1.5 billion in secured 10% bonds due 2026 traded as low as 92 cents on the dollar, down from 99.5 cents at the start of the year. Another bond with less collateral protection traded as low as 69 cents on the dollar on Monday, down from 72 cents in early January, according to MarketAxess.<blockquote>本周二，AMC 于 2026 年到期的 15 亿美元有担保的 10% 债券兑美元汇率低至 92 美分，低于年初的 99.5 美分。根据 MarketAxess 的数据，另一种抵押品保护较少的债券周一兑美元汇率低至 69 美分，低于 1 月初的 72 美分。</blockquote>In early 2021, AMC became a darling of individual investors, many of whom refer to themselves as the apes.They helped push AMC’s stock price to eye-popping heights through meme-heavy social-media hype, and they came to own more than 80% of the company.<blockquote>2021年初，AMC成为个人投资者的宠儿，其中许多人自称为猿猴。他们通过充斥着备忘录的社交媒体炒作，帮助将 AMC 的股价推向了令人瞠目结舌的高度，并拥有了该公司 80% 以上的股份。</blockquote>“At first it was a very well-defined and purposeful anti-Wall Street type movement,” said Chad Beynon, an analyst at Macquarie Group Ltd., regarding the ape community. “That story is no longer as attractive. After seeing it not working for a few months, there’s some sort of fatigue.”<blockquote>“麦格理集团有限公司（Macquarie Group Ltd.）分析师查德-贝农（Chad Beynon）在谈到猿类社区时说：”起初，这是一场定义明确、目的明确的反华尔街类型的运动。“那个故事不再那么有吸引力了。看到它几个月都不起作用，就会有一种疲劳”。</blockquote>AMC, as well as its peers in the cinema business, continue to struggle with getting customers into their theaters as the pandemic drags on. While the film “Spider-Man: No Way Home” was a recent hit for the theater industry, box-office revenue for the latest weekend amounted to a mere $46 million, compared with $123 million the same weekend in 2020, and $104 million in 2019, according to Comscore data.<blockquote>随着疫情的持续，AMC 及其电影行业的同行继续努力吸引顾客进入他们的影院。根据 Comscore 的数据，虽然电影《蜘蛛侠：无路可退》最近在影院行业大受欢迎，但最近一个周末的票房收入仅为 4600 万美元，而 2020 年同一周末的票房收入为 1.23 亿美元，2019 年为 1.04 亿美元。</blockquote>Since the Covid-19 pandemic began, AMC has stayed alive by a combination of selling new shares, taking on new debt and getting landlords to agree to delay collecting rent payments. But the apes’ takeover of AMC has restricted its options for dealing with the debts it took on to get through the worst of the pandemic lockdowns.<blockquote>自 Covid-19 大流行开始以来，AMC 通过出售新股、承担新债务以及让房东同意推迟收取租金等多种方式得以生存。但是，apes 对 AMC 的收购限制了其处理债务的选择，以度过最严重的大流行病封锁期。</blockquote>Last year, AMC twice failed to win shareholder approval of new equity issuances as apes fretted about dilution, despite Mr. Aron lobbying to allow for more shares to be sold. Now the company isn’t able to issue stock to pay down debt, said Michael Pachter, an analyst at Wedbush Securities.<blockquote>去年，尽管阿伦先生游说允许出售更多股票，但 AMC 两次未能获得股东对新股票发行的批准，因为 apes 担心稀释。韦德布什证券公司（Wedbush Securities）分析师迈克尔-帕切特（Michael Pachter）说，现在该公司无法发行股票来偿还债务。</blockquote>“The shareholders blew that,” Mr. Pachter said.<blockquote>“帕切特先生说：”股东们搞砸了。</blockquote>Despite the sliding share price, some apes are holding on, viewing their commitment to AMC as an act of defiance against the hedge funds and Wall Street institutions that bet against the stock by short selling it. The ape community has also become a forum for opposition to a financial system they believe stacks the deck against individual investors.<blockquote>尽管股价下滑，但一些猿类仍在坚持，将他们对 AMC 的承诺视为对对冲基金和华尔街机构通过卖空该股票来做空该股票的一种反抗行为。ape社区也成为反对金融体系的论坛，他们认为金融体系对个人投资者不利。</blockquote>Anton Torres, a cable technician in Washington state who bought stock in AMC last January, said that he and the other apes he knows are holding on to their shares because they believe that AMC’s stock price might rise again.<blockquote>安东-托雷斯（Anton Torres）是华盛顿州的一名有线电视技术员，去年 1 月购买了 AMC 的股票，他说，他和他认识的其他猿猴之所以持有股票，是因为他们相信 AMC 的股价可能会再次上涨。</blockquote>“I’m holding hoping the value increases, but I’m also holding because it’s bringing awareness to a system that is poorly regulated and I like the stock,” Mr. Torres said.<blockquote>“托雷斯先生说：”我持有股票是希望股价上涨，但我持有股票也是因为它能让人们意识到监管不力的系统，我喜欢这只股票。</blockquote></body></html><blockquote></blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?mod=lead_feature_below_a_pos1\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111320468","content_text":"As AMC shares and bonds fall, the cinema giant is in active discussions to refinance its high-interest debt, people familiar with the matter saidAMC shares have fallen 41% this year through Tuesday’s market close.AMC Entertainment Holdings Inc. is stepping up its efforts to refinance some of its debt as the cinema chain’s shares and bonds have slumped, giving up most of their gains since the company became a meme-stock favorite.AMC is in advanced refinancing talks with multiple interested parties, according to people familiar with the matter who said the company has options to lower its interest burden and stretch out maturities by several years.Chief Executive Adam Aron said earlier this year that in 2022 he would like to refinance the expensive debt the company took on to outlast the pandemic. The selloff in AMC’s bonds might make refinancing more difficult, especially as the Federal Reserve prepares to raise rates, according to financial analysts.AMC’s stock has declined by 41% this year through Tuesday’s market close, a steeper drop than the broader market selloff hitting stocks and cryptocurrencies. While the company’s bonds had previously held up even as its shares slipped, on Monday the bonds dropped by several points. That indicates that even creditors, who enjoy a greater degree of protection from losses than stockholders, are getting skittish about the business.AMC isn’t targeting all of its debt stack for refinancing, just some of its bonds that carry especially high interest, one of the people familiar with the matter said. Even if the decline in AMC’s bond prices caused their yields to rise, the company may still be able to strike a deal that would cut interest expense compared with what it pays now, the person said.AMC had $5.5 billion of debt as of September that ranks ahead of the equity, including high-interest bonds, and owed $376 million of lease payments that were deferred during the pandemic.On Tuesday, AMC’s $1.5 billion in secured 10% bonds due 2026 traded as low as 92 cents on the dollar, down from 99.5 cents at the start of the year. Another bond with less collateral protection traded as low as 69 cents on the dollar on Monday, down from 72 cents in early January, according to MarketAxess.In early 2021, AMC became a darling of individual investors, many of whom refer to themselves as the apes.They helped push AMC’s stock price to eye-popping heights through meme-heavy social-media hype, and they came to own more than 80% of the company.“At first it was a very well-defined and purposeful anti-Wall Street type movement,” said Chad Beynon, an analyst at Macquarie Group Ltd., regarding the ape community. “That story is no longer as attractive. After seeing it not working for a few months, there’s some sort of fatigue.”AMC, as well as its peers in the cinema business, continue to struggle with getting customers into their theaters as the pandemic drags on. While the film “Spider-Man: No Way Home” was a recent hit for the theater industry, box-office revenue for the latest weekend amounted to a mere $46 million, compared with $123 million the same weekend in 2020, and $104 million in 2019, according to Comscore data.Since the Covid-19 pandemic began, AMC has stayed alive by a combination of selling new shares, taking on new debt and getting landlords to agree to delay collecting rent payments. But the apes’ takeover of AMC has restricted its options for dealing with the debts it took on to get through the worst of the pandemic lockdowns.Last year, AMC twice failed to win shareholder approval of new equity issuances as apes fretted about dilution, despite Mr. Aron lobbying to allow for more shares to be sold. Now the company isn’t able to issue stock to pay down debt, said Michael Pachter, an analyst at Wedbush Securities.“The shareholders blew that,” Mr. Pachter said.Despite the sliding share price, some apes are holding on, viewing their commitment to AMC as an act of defiance against the hedge funds and Wall Street institutions that bet against the stock by short selling it. The ape community has also become a forum for opposition to a financial system they believe stacks the deck against individual investors.Anton Torres, a cable technician in Washington state who bought stock in AMC last January, said that he and the other apes he knows are holding on to their shares because they believe that AMC’s stock price might rise again.“I’m holding hoping the value increases, but I’m also holding because it’s bringing awareness to a system that is poorly regulated and I like the stock,” Mr. Torres said.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3712,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/639392941"}