Global movie exhibitor AMC Entertainment Holdings Inc. reported in a Form 8-K filing dated Jan. 27 that affiliates of Silver Lake Group LLC, along with certain co-investors, converted all $600 million of the company's 2.95% convertible senior secured notes due 2026 into AMC class A common stock.

The conversion, at a price of $13.51 per share, will result in 44,422,860 shares being issued to holders of the notes when the transaction settles. It is expected to settle Jan. 29.

The company noted that "in connection with the conversion," under a 2018 stock repurchase and cancellation agreement with Wanda Entertainment America, Inc., 5.67 million shares of class B common stock held by Wanda will be forfeited and canceled.