AMC Entertainment Holdings is aiming to refinance its borrowings with nearly $4 billion in new financing, taking advantage of revived ticket sales from summer blockbusters to address its balance sheet.

The Leawood, Kan.-based movie-theater chain said Monday it has launched a sale of $2 billion in secured bonds maturing in 2031, along with the syndication of an $850 million loan. Additionally, the company secured an $1.12 billion loan commitment from Deutsche Bank, which will rank below other new debt.

The proceeds, along with cash on hand, will be used to retire existing debt, the majority of which matures in 2029.

The refinancing effort comes as its movie business shows signs of recovery. Revenue at AMC rose more than 14% in the second quarter from a year earlier, benefiting from a 13.5% rebound in global attendance. The company attributed the uptick to the popularity of new, high-profile film releases such as "Spider-Man: Brand New Day" and Christopher Nolan's "The Odyssey."

Shares of AMC were up more than 7%, closing at $2.89 on Monday.

AMC has repeatedly turned to debt exchanges to shore up its finances since Covid-19 upended moviegoing and forced many theaters to close. In 2020, the company swapped out its bonds and cut debt before a meme-stock rally helped the company raise equity it later used to retire more debt.

In the following years, AMC secured additional financing to push out the maturity on $1.6 billion of debt due in 2026. It also struck a deal resolving litigation with its bondholders, who had alleged that the theater operator improperly moved 175 movie theaters and other collateral away from them in a transaction with a different creditor group.