GameStop stock surged as its biggest booster late Sunday appeared to reveal a new bold bet on the video game retailer.
S&P Global Ratings lowered its issuer credit rating on AMC Entertainment Holdings to selective default from CCC+, following a May 15 debt-for-equity exchange. S&PGR says AMC exchanged certain second-lien notes due 2026 for about 23.3 million shares of its Class A common stock. The agency also says it views AMC's capital structure as unsustainable and "subject to default risk given its heavy debt burden and negative free operating cash flow."
Key Insights AMC Entertainment Holdings to hold its Annual General Meeting on 5th of June Salary of US$1.50m is part of...