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“Our profitability will rise if, as, and when the box office rises,” AMC CEO Adam Aron says about the company’s new debt restructuring deal with creditors that extends up to $2.45 billion of debt maturities from 2026 to 2029 and beyond. The agreement will also allow AMC to reduce debt by $464 million by converting exchangeable notes into equity. | CNBC
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After seeing success in the early 2000s, Crocs profitability fell and revenue growth stagnated during the decade following the Great Recession. In 2017, new leadership took the helm and the company leaned heavily into personalization through its decorative charms known as Jibbitz. Find the full report on the footwear company’s comeback: cnb.cx/3G08ODS | CNBC
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