AMC: AMC announced Monday that they had raised $900 million in debt and equity financing to keep the business alive through late 2021. The 700% stock spike this week allowed the company to shed $600 million of their $5.5 billion in debt as creditors converted to shares. AMC is considering an additional stock sale to pay off debt and to generate an additional cash cushion. Regardless of an additional offering, AMC has set themselves up to survive. Now we just have to wait for their return to downtown!
https://www.google.com/amp/s/finance.ya ... 13894.html
MGP Ingredients: This Atchison Kansas based distillery announced a $500 million buyout of Luxco of St. Louis. MGP is currently valued at $1 billion.
ChowNow: From their HQ2 in the Crossroads, ChowNow provides online ordering infrastructure, custom apps/websites, and other ancillary services to restaurants across the US and Canada.
ChowNow has experienced tremendous growth this year as thousands of restaurants joined their platform. This has led to the hiring of hundreds of new employees and significant increase in revenue.
https://www.prnewswire.com/news-release ... 6354.htmlThis year (2020), ChowNow has:
Helped 20,000 restaurant partners process over $2 billion in orders in 2020, with 100% of sales going directly to the restaurants resulting in $500 million saved in commissions.
Added 8,000 restaurant partners and over 10 million diners nationwide to the ChowNow platform since the start of the outbreak.