AMC Entertainment Holdings Inc. is enticing risk-hungry stock investors to gamble on its recovery as the cinema chain continues its efforts to avoid bankruptcy. AMC on Wednesday launched efforts to raise up to $180 million in equity capital, even though credit investors are valuing some of its bonds at roughly 40 cents on the dollar, implying serious doubts about whether they will be fully repaid.

Source: Wall Street Journal September 04, 2020 19:18 UTC