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) December 23, 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
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Item 5. Other Events
On December 23, 1997, certain subsidiaries of AMC Entertainment Inc.
(the "Company") sold the following 3 megaplex theatres to Entertainment
Properties Trust ("EPT"), a real estate investment trust, for an aggregate
purchase price of $51.6 million:
Theatre Name Metropolitan Area
First Colony 24 Houston, TX
Oak View 24 Omaha, NE
Leawood Town Center Kansas City, MO/KS
The sale of theatres was pursuant to an Agreement of Sale and Purchase
between EPT and American Multi-Cinema, Inc. ("AMC"), a subsidiary of the
Company, which was previously filed with the Company's Form 8-K dated
November 24, 1997. Proceeds from the sale were applied to indebtedness
under the Company's existing credit facility.
Concurrent with the sale of the theatres, AMC leased the theatres from
EPT pursuant to non-cancelable operating leases with terms of 15 years and
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 leases and guarantees of leases respecting the theatres
referred to above are substantially identical in all material respects to
those filed with the Company's Form 8-K dated November 24, 1997.
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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: January 9, 1998 By: /s/ Richard L. Obert
Richard L. Obert
Senior Vice President and
Chief Accounting and
Information Officer
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