AMC Entertainment Holdings Inc. bondholders are in confidential talks with the theater chain, causing some notes to drop 5 cents to 98.5 cents. This follows concerns about the company’s debt management strategies. AMC had previously restructured its debt in 2024 and reported declines in attendance, revenue, and earnings in November.

The sell-off of AMC’s 15% bonds reflects investor anxiety over the company’s next moves regarding its debt burden. AMC had been reducing its maturities through debt swaps and buybacks. CEO Adam Aron remains optimistic, predicting the industry will see the highest grossing fourth quarter in six years. A representative for AMC did not respond to requests for comment.

Read more at Yahoo Finance: AMC Enters Talks With Bondholders, Sparking Slump in Debt Prices