Comment Re:AMC comes out of it with $600M less debt (Score 1) 72
Damn you are stupid and don't understand it.
But sure. If you study something very useful maybe you can find an investor who are fine wiping out your debt for a percentage of any earnings you have in life.
What happened wasn't that the debt was converted to nothing. What happened was that the debt was converted to shares of the company. Which in this case likely made sense because they could convert money I think was due for 2026 into shares at $13,xx then when the shares traded at $20 possibly giving them the money back 5 years early AND with a 50% additional return if they could had sold them at $20. However the price went down towards $8 afterwards so they may have regretted it by then, or possibly not if they thought AMC would go under if they didn't do it.