Thu 09/19/2024 09:54 AM
Relevant Document:
Complaint
An ad hoc group of AMC Entertainment Holdings first lien noteholders has sued the company and junior notes agent GLAS Trust for violating the company’s intercreditor agreement in its recent
drop-down transaction. The plaintiffs say that the “illegitimate” transaction improperly vaulted a “handful” of second lien noteholders to senior status in order to deprive the plaintiffs of their collateral rights to certain movie theater and intellectual...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.