AMC Entertainment $1.2 billion acquisition of Odeon & UCI Cinemas Group

Overview:

• AMC Entertainment Holdings has acquired Odeon & UCI Cinemas for $1.2 billion from Terra Firma.
• Odeon & UCI has 242 theatres and 2,236 screens, selling 90 million tickets annually.
• The deal makes AMC the largest cinema operator in the world.
• The deal price consists of 75% in cash and 25% in stock.
• Citigroup Global markets provided the debt financing of the deal.
• This was one of several major acquisitions in a 12-month period by AMC, which included the purchase of Carmike Cinemas in July 2016 and buying the Nordic Cinema Group in January 2017.

Sam Duke - Editor