AMC Entertainment Inc. increased its borrowings under the revolving credit facilities in order to increase its cash position and preserve financial flexibility amid the COVID-19 outbreak.

As of March 24, AMC Entertainment borrowed $215 million under the AMC Revolving Credit Facility and £89.2 million under the Odeon Credit Facility, which constitutes all of the remaining available amounts under the revolving credit facilities, net of letters of credit, the company disclosed in a March 24 SEC filing.