CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements made in this prospectus, the documents that are incorporated by reference in this prospectus and other written or oral statements made by or on behalf of AMC may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Exchange Act. Forward-looking statements may be identified by the use of words such as “may,” “will,” “forecast,” “estimate,” “project,” “intend,” “plan,” “expect,” “should,” “believe” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Examples of forward-looking statements include statements we make regarding the impact of COVID-19 and our liquidity. These forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions and speak only as of the date on which it is made. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including those discussed in “Risk Factors”, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the following:
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our ability to obtain additional liquidity and our ability to continue as a going concern;
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the impact of the COVID-19 virus on us, the motion picture exhibition industry, and the economy in general, including our response to the COVID-19 virus related to suspension of operations at our theatres, personnel reductions and other cost-cutting measures and measures to maintain necessary liquidity and increases in expenses relating to precautionary measures at our facilities to protect the health and well-being of our customers and employees;
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risks and uncertainties relating to our significant indebtedness, including our borrowing capacity and our ability to meet our financial maintenance and other covenants;
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the manner, timing and amount of benefit we receive under the Coronavirus Aid, Relief, and Economic Security Act or other applicable governmental benefits and support for which we are eligible domestically and internationally;
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risks relating to impairment losses, including with respect to goodwill and other intangibles, and theatre and other closure charges;
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risks relating to motion picture production and performance;
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our lack of control over distributors of films;
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intense competition in the geographic areas in which we operate;
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increased use of alternative film delivery methods including premium video on demand or other forms of entertainment;
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shrinking exclusive theatrical release windows;
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AMC Stubs® A-List may not meet anticipated revenue projections which could result in a negative impact upon operating results;
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general and international economic, political, regulatory, social and financial market conditions and other risks including the effects of the exit of the United Kingdom from the European Union;
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limitations on the availability of capital may prevent us from deploying strategic initiatives;
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certain covenants in the agreements that govern our indebtedness may limit our ability to take advantage of certain business opportunities;
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our ability to achieve expected synergies, benefits and performance from our strategic theatre acquisitions and strategic initiatives;
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our ability to refinance our indebtedness on terms favorable to us or at all;
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optimizing our theatre circuit through new construction and the transformation of our existing theatres may be subject to delay and unanticipated costs;