AMC Bondholders Sue AMC - Breaking it down simply

AMC Bondholders Sue AMC - Breaking it down simply. A group of AMC Entertainment Holdings Inc.’s noteholders have sued the movie chain company, claiming a sweeping restructuring deal in July eroded their rights and prioritized more junior bondholders.
First-lien noteholders, including Anchorage Capital and its related funds, Carronade Capital Management, Deutsche Bank Securities Inc. and P Schoenfeld Asset Management, filed a lawsuit in a New York state court on Tuesday, arguing the deal stripped them of collateral. #TonyDenaro
#TonyDenaro #AMC #lawsuit

DD Links:
1) Link to the legal complaint filing: https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=_PLUS_rKoZwPpbkcMxuqy1MaE7w==

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