AMC says it has already completed share offering, raises $587 million

PUBLISHED THU, JUN 3 20211:05 PM EDT

Yun Li

AMC Entertainment said it has completed its new stock offering announced just this morning, raising $587.4 million in additional capital.

Shares of the movie theater chain pared losses after the news, trading down about 10% after shedding more than 30% earlier Thursday.