AMC Entertainment has had a busy couple of days. On Thursday, the theater giant announced that the company will raise $500 million in new debt to bolster its balance sheet liquidity. Friday, their stocks rose even though the company will not be reopening operations through June.
Concerns over coronavirus have closed down movie theaters across the nation leading some to ask if theaters are going to survive this? AMC has disclosed that is has been generating no revenue while its U.S. theaters have been closed.