US Stock Market News | Issuance of $125 million convertible preferred notes by AMC Networks leads to a drop of over 25%

Zhitong
2024.06.17 14:18
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On Monday, AMC Networks' stock price fell, dropping more than 25% to $11.68 as of the time of writing. The company announced a private offering of $125 million convertible preferred notes. The net proceeds will be used for general corporate purposes, including potential debt repayment

According to the financial news app Zhitong Finance, on Monday, AMC Networks (AMCX.US) saw its stock price drop, with the stock falling more than 25% to $11.68 as of the time of publication. The company announced a private offering of $125 million in convertible preferred notes. The net proceeds will be used for general corporate purposes, including potential debt repayment

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