Meme Stock AMC Wants Creditors to Take a Haircut
Clearlake-backed Springs Window Fashions and software firm McAfee are also in talks with lenders
An AMC movie theater in New York
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I’ve been looking at a series of liability management maneuvers. We also have the latest on the fallout from China’s real estate bubble bust and Byju’s legal woes in the US. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
A fresh batch of debt haircut proposals highlights how companies are becoming increasingly aggressive in managing their borrowings and extending maturities, often by pitting creditors against creditors.