Feb. 05 -- AMC Entertainment Inc. expects to complete a $375 million bond offering on Friday to replace higher cost debt. The bonds will pay 5.875 percent and come due in 2022, the Leawood-based movie theater chain operator said. Only "qualified institutional buyers" are being offered the bonds. AMC plans to use the money, along with other funds from a recent public stock offering by its parent company, to buy back $600 million of debt that costs it 8.75 percent interest and comes due in 2019. On Dec. 17 , AMC Entertainment Holdings Inc. generated $331.6 million by selling 20 percent of its shares to the public. The bulk is owned by Dalian Wanda Group based in China . To reach Mark Davis , call 816-234-4372 or send email to firstname.lastname@example.org . ___ (c)2014 The Kansas City Star (Kansas City, Mo.) Visit The Kansas City Star (Kansas City, Mo.) at www.kansascity.com Distributed by MCT Information Services
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