AMC Theatres said that its 'existing cash resources' will be 'largely depleted by the end of 2020 or early 2021.' The movie theater giant added that it expects the 'required amounts of additional liquidity ... to be material.' More:
"The required amounts of additional liquidity are expected to be material," the exhibition giant says.
Thereafter, to meet its financial obligations"as they become due, the company will require additional sources of liquidity or increases in attendance levels," it said, adding:"The required amounts of additional liquidity are expected to be material." AMC also highlighted "the current low attendance levels," unveiling adjustments to cinema operating hours"to align screen availability and associated theater operating costs with attendance levels for each theater."
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