(AOF) – AMC Entertainment, whose title fell 9% on the forefront, announced a project to raise capital of 110 million dollars (103 million euros), thanks to the sale of its shares. preferred to Antara Capital at an average price of $0.66. Antara Capital, which also holds AMC’s debt, will also swap $100 million of debt maturing in 2026 for approximately 90 million APE units. This swap, AMC said, would reduce outstanding debt by $100 million.
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World tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a strong level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations recorded notable increases in receipts, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.