Amc Entertainment Inc – ‘8-K’ for 4/2/98

As of:  Tuesday, 12/9/97   ·   For:  4/2/98   ·   Accession #:  722077-97-30   ·   File #:  1-08747

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3     17K 
 2: EX-10.1     Material Contract                                     38    137K 
 3: EX-10.2     Material Contract                                     40    139K 
 4: EX-10.3     Material Contract                                      7     30K 
 5: EX-10.4     Material Contract                                     90    214K 
 6: EX-10.5     Material Contract                                      4     19K 

8-K   —   Current Report
Document Table of Contents

8-K
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4                                                                               

UNITED STATES                   
SECURITIES AND EXCHANGE COMMISSION                    

Washington, D. C.  20549                    

FORM 8-K                    

CURRENT REPORT                    
Pursuant to Section 13 or 15(d) of the                    
Securities Exchange Act of 1934                   

Date of Report (Date of earliest event reported)  November 24, 1997           

AMC ENTERTAINMENT INC.                    
(Exact name of registrant as specified in its charter)                    

DELAWARE          1-8747           43-1304369                   
(State or other jurisdiction(Commission   (IRS Employer                         
of incorporation)File Number)  Identification No.)                

106 W. 14TH  STREET, KANSAS CITY, MO      64105-1977                            
(Address of principal executive offices)     (Zip Code)         

Registrant's telephone number, including area code                              
(816) 221-4000                                                                  

8-K
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Item 2.  Acquisition or Disposition of Assets                                   

(a)  On November 24, 1997, certain subsidiaries of AMC              
Entertainment  Inc.  (the "Company") sold  the  following  8                    
megaplex theatres to Entertainment Properties Trust ("EPT"),                    
a  real  estate investment trust, for an aggregate  purchase                    
price of $162.7 million:                                                        

Theatre Name             Metropolitan Area                  

Grand 24                 Dallas, TX                         
Mission Valley 20        San Diego, CA                      
Promenade 16             Los Angeles, CA                    
Ontario Mills 30         Los Angeles, CA                    
Lennox 24                Columbus, OH                       
West Olive 16            St. Louis, MO                      
Studio 30                Houston, TX                        
Huebner Oaks 24          San Antonio, TX                    

Proceeds  from  the sale were applied to  indebtedness              
under the Company's existing credit facility.                                   

The purchase price was based on the cost to the Company               
of developing and constructing each theatre.                                    

Concurrent  with  the sale of the  theatres,  American              
Multi-Cinema,  Inc. ("AMC"), a subsidiary  of  the  Company,                    
leased  the  theatres  from EPT pursuant  to  non-cancelable                    
operating leases with terms ranging from 13 to 15  years  at                    
an initial lease rate of 10.5% with options to extend for up                    
to an additional 20 years.  The Company has guaranteed AMC's                    
obligations  under the leases.  The leases  are  triple  net                    
leases  that  require AMC to pay substantially all  expenses                    
associated with the operation of the theatres, such as taxes                    
and   other   governmental  charges,  insurance,  utilities,                    
service, maintenance and any ground lease payments.                             

The  sale of the theatres was pursuant to an Agreement              
of  Sale and Purchase which provides for the sale to EPT  of                    
four  additional  theatres  under  construction,  the  First                    
Colony   24  (Houston,  Texas),  the  Oak  View  24  (Omaha,                    
Nebraska),   the  Leawood  Town  Center  20  (Kansas   City,                    
Missouri/Kansas)  and  the  South  Barrington  30  (Chicago,                    
Illinois).   The  aggregate sale price  of  these  theatres,                    
based  on  the cost to the Company of their development  and                    
construction   (subject   to  a  maximum   cap),   will   be                    
approximately $86.1 million.  AMC also has granted an option                    
to EPT to acquire two other theatres under construction, the                    
Cantera  30 (Chicago, Illinois) and the Livonia 20 (Detroit,                    
Michigan),  for  the cost to the Company of  developing  and                    
constructing such properties, together with certain adjacent                    
land  parcels.   Concurrent with the sale of  the  theatres,                    
AMC,  EPT  and  the  Company  will  enter  into  leases  and                    
guarantees  with respect to such theatres similar  to  those                    
referred to above.                                                              

The  Company also has entered into a Right to Purchase              
Agreement with EPT granting EPT a right of first refusal and                    
first  offer  to acquire and lease back to the  Company  any                    
megaplex theatre and related entertainment property acquired                    
or  developed and owned (or ground-leased) by the Company or                    
its  subsidiaries,  exercisable  for  five  years  upon  the                    
Company's intended disposition of such property.                                

Peter C. Brown is President and Chief Financial Officer               
and  a Director of the Company, Executive Vice President and                    
Chief  Financial Officer and a Director of AMC and  Chairman                    
of the Board of Trustees of EPT.                                                

(b)  Not applicable.                                                  

8-K
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Item 7.  Financial Statements and Exhibits                                      

(a)  Not applicable.                                                  

(b)  Pro forma financial information - Pursuant to Rule               
12b-23  of the Securities Exchange Act of 1934, as  amended,                    
the  Company hereby incorporates by reference the pro  forma                    
financial information included on pages 68-70 and F-11 to F-                    
15  of  its prospectus filed with the Commission on November                    
19, 1997 pursuant to Rule 424(b)(1) of the Securities Act of                    
1933, as amended (File No. 333-35281-1).                                        

(c)  Exhibits:                                                        

10.1 Agreement of Sale and Purchase between EPT  and            
AMC.                                                  

10.2 Option Agreement between EPT and AMC.                        

10.3 Right to Purchase Agreement between EPT and  the             
Company.                                                

10.4 Lease   entered  into  between   EPT   and   AMC             
respecting the Grand 24 theatre.(1)                     

10.5 Guaranty of Lease entered into between  EPT  and             
the  Company  respecting the  Grand  24  theatre        
lease.(1)                                               

(1)  The leases and guarantees of leases respecting the               
other  theatres  referred  to  in  this  report   are             
substantially identical in all material  respects  to             
these   filed  herewith,  except  that  base   rental             
amounts vary depending on the purchase price  of  the             
property.                                                         

SIGNATURES                    

Pursuant to the requirements of the Securities Exchange               
Act  of 1994, the Registrant has duly caused this report  to                    
be  signed  on  its behalf by the undersigned hereunto  duly                    
authorized.                                                                     

  AMC ENTERTAINMENT INC.

Date:   December 8, 1997      By:  /s/Richard L. Obert                          
                    Richard L. Obert
               Senior Vice
                 President and
                    Chief Accounting
       and
               Information
           Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
For Period End:		4/2/98							10-K,  8-K
Filed on:		12/9/97
		12/8/97		3
		11/24/97		1		2
		11/19/97		3
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