$AMC AMC ended last year with a whopping $5.7 billion in corporate borrowings and paid almost $357 million in interest expenses. The vast majority of its loans in 2020 were undertaken with interest rates ranging from 10% to 12%. With lending rates at historic lows, these ultra-high loan rates demonstrate just how much trouble AMC's balance sheet and operating model are in. To round things out, the company's business model is being turned on its head by select streaming providers. Without the guarantee of film exclusivity, AMC has virtually no chance of getting back on its feet.
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