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AMC Entertainment Holding Inc announces closing of its initial public offering


Monday, 23 Dec 2013 04:30pm EST 

AMC Entertainment Holding Inc:Says closing of its previously announced initial public offering of 18,421,053 shares of its Class A common stock at $18.00 per share.Says in connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 2,631,579 shares of Class A common stock.Says as a result, the total initial public offering size was 21,052,632 and the net proceeds to the company were about $359.1 million after deducting underwriting discounts and commissions and before deducting offering expenses.Says the company intends to use the net proceeds from the offering primarily to retire outstanding indebtedness and also for general corporate purposes, including capital expenditures.