AMC Entertainment Raises $200 Million, but Needs $550 Million More

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The clock is ticking down on AMC Entertainment Holdings (NYSE: AMC). The movie theater operator has raised $200 million in capital, but still needs an additional $550 million if it wants to survive.

In an interview with CNBC Tuesday, CEO Adam Aron said: “We need to raise more, but we’re working hard to do that and we’ve laid out a plan and a blueprint to get there. Whether we get there or not, only time will tell.”

Image source: AMC Entertainment.

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