Paxos Crypto Brokerage now supports $XRP.
In circulation since 2012, XRP is now held across 8.1M+ wallets, and carries a market cap of nearly $95B.
Partners can now offer XRP through the same regulated platform trusted by some of the biggest names in finance.
π¨ AMC FUCKS SHORT SELLERS β REFINANCES DEBT TO NEXT DECADE & ALL-TIME RECORD 3RD QUARTER BOX OFFICE
πππ¦TLDR β Shorts are FUCKED β WGBSFR!
This is MASSIVE:
π₯ ~97% of AMCβs debt refinanced
π₯ Major maturities pushed all the way out to 2031 & 2033
π₯ Cost of capital reduced
π₯ Capital structure simplified
π₯ Nearly $2 BILLION of long-term debt + COVID lease deferrals paid down since 2020
π AMCβs remaining debt load is now down to $3.97 billion, with almost all of those maturities pushed years into the future.
The remaining 3% is set to be PAID-OFF in the next few months.
πΏ AMC also says Q3 produced an ALL-TIME RECORD North American box office
The debt wall bears have been screaming about for years just got paid-down and shoved into the NEXT DECADE with lower interest rates. Now combine that with a recovering box office, lower financing costs and AMCβs massive operating leverage.
Things just got VERY interesting for AMC shareholdersπ
@CEOAdam's full comments on the restructuring; βThis transaction marks for all to plainly see a significant milestone for AMC. With this now-completed comprehensive refinancing of approximately 97% of our debt, we have materially extended almost all our debt maturities until October of 2031 and October of 2033, simplified our capital structure and reduced our cost of capital. AMC is now well positioned to thrive, as we welcome millions and millions of guests each and every week to our theatres throughout the world.β
Aron continued, βThe bold and creative capital markets actions we have implemented in recent years, paired with a resurgent box office and our impressive operating performance, have resulted in a substantial reduction in financial leverage and a stronger balance sheet. Recent corporate or instrument credit ratings upgrades, by all three major credit rating agencies, clearly reflect AMCβs considerable progress on this score.β
Aron highlighted, βIt is so immensely satisfying to us how deftly AMC has navigated these uncharted waters of the past six-plus years. Since 2020, AMC has paid down a total of nearly $2 billion of our long-term debt and COVID-related lease deferrals and has extended the maturity of what is in our view a manageable remaining debt-load of approximately $4 billion to 2031 and 2033. This is nothing less than a triumph for AMC.β
Aron added, βWe extend sincere thanks to all of our lenders, most notably Deutsche Bank Special Situations Group for their participation in this ambitious transaction. Our investment banking partners, particularly including Wells Fargo Securities, Deutsche Bank Securities, Citigroup, and Goldman Sachs & Co. LLC, and our advisors, including Moelis & Company LLC and Weil, Gotshal & Manges LLP who have for years now brilliantly showcased their unique skills. Additionally, their confidence, support, and commitment to AMC have been crucial to the demonstrable progress that AMC has made in the tumultuous times of the past several years.β
continued: βThis all has taken place against the backdrop of an increasingly robust box office, including an all-time record third quarter North American box office. Looking ahead, we are highly optimistic as well about our prospects for the remainder of this year. An exciting film slate awaits us, especially including the December releases of DUNE: PART THREE and AVENGERS: DOOMSDAY, promising to close 2026 on a high note and carry that 2026 momentum into 2027.β
Aron concluded, βA growing box office, a more efficient balance sheet, combined with disciplined execution on our part, position AMC to capitalize on the significant operating leverage inherent in our business. With continued box office growth and successful execution of our strategy, we firmly expect AMC to considerably expand EBITDA, improve free cash flow and deliver meaningful long-term value for our stakeholders.β
#WGBSFR #IYKYK πππ¦
You think $XRP rich means Lamborghini, but that's XRP poor.
True XRP riches is a cup of coffee on the porch of a small cabin in the woods on private property. A Bible open on the side table, no debt, a good prayer life, a spouse with the same mindset, and a faithful K9.
π¨IT'S HAPPENING: πΊπΈ CFTC Chairman Mike Selig is READY to collaborate with the SEC to regulate digital assets to make AMERICA the CRYPTO CAPITAL of THE WORLD.
"If CLARITY continues to stall because of DEMOCRATIC obstruction, the CFTC will utilize its existing authorities to BEGIN establishing a REGIME for CRYPTO ASSET MARKETS. We OWE it to the AMERICAN PEOPLE to do so."
THIS MAN IS BASED! π₯
$AMC
DISTRIBUTING MOVIES!
NAKED SHORTED TO DEATH BY DICKLESS HEDGEFUCKS
THESE DECREPIT SUIT WEARING COWARDS ARE DONE
THROW YOUR BEDPOSTS -
IT WONβT FUCKING SAVE YOU.
TOTAL ANNIHILATION ββββββββββββββββββββββββββββββββββββββββββββββββββINCOMING
#MOASS
Good morning. π
$XRP $XLM $HBAR
One day people may use this technology without even thinking about it.
Today, most still donβt understand it.
That gap is why being here now matters.
Youβre earlier than you think.
This is why I keep adding $AMC shares. πΏπ₯
Iβm not just investing in what AMC is today Iβm investing in what it can become. Massive LED screens, premium theaters and an experience you canβt recreate at home.
I see the vision. I keep buying. π¬π
@CEOAdam
π¨BREAKING: π·πΊ President Putin has officially signed the CRYPTO CLARITY ACT into law.
If the United States of America fails to PASS the CLARITY ACT, it will LOSE in the race against Russia and China.