The company acquired a former ArcLight location in Boston, Massachusetts.
However, he added that “while the trading prices of the two securities seem to reflect distinct market and trading dynamics, the APEs are serving precisely the purpose originally intended for them.”
To that end, the company is using the cash raised to pay down its debt, and to fund some strategic acquisitions. The company says it has reduced its overall debt obligations by $180 million this year , and that it has acquired a former ArcLight location in Boston, Massachusetts. The company says it will end 2022 with between $725 and $825 million, though the exact number will depend on the performance of theaters through the end of the year , and including its revolving credit facility.
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