AMC Entertainment Holdings Inc. is facing resistance from some creditors to a debt-restructuring proposal that would give investor Silver Lake Group LLC a top-ranking claim on the company’s assets, according to people familiar with the matter. The world’s largest cinema operator, AMC has been severely hit by the coronavirus pandemic, which forced it to shut down its more than 1,000 theaters. The Leawood, Kan., company is hoping to entice investors to participate in a proposed debt swap that would cut about $1 billion of its...

Source: Wall Street Journal June 17, 2020 21:33 UTC