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Imax gets $10 million credit line
Tuesday October 07th 2008TORONTO — Giant-screen exhibitor Imax Corp. Monday said it has secured a new $10 million revolving line of credit with the Bank of Montreal, which replaces its $5 million credit facility with the same Canadian bank.
The debt refinancing adds to an existing $40 million secured credit facility, and $37.5 million in cash on hand as of Sept. 30, which has been used to help roll out its joint venture digital projection systems.
Toronto-based Imax said it has “ample funding” available to carry out its digital strategy, which has seen 14 digital projection systems installed to date.
Source: Hollywood Reporter
Headline, Industry News
Imax gets $10 million credit line
Tuesday October 07th 2008TORONTO — Giant-screen exhibitor Imax Corp. Monday said it has secured a new $10 million revolving line of credit with the Bank of Montreal, which replaces its $5 million credit facility with the same Canadian bank.
The debt refinancing adds to an existing $40 million secured credit facility, and $37.5 million in cash on hand as of Sept. 30, which has been used to help roll out its joint venture digital projection systems.
Toronto-based Imax said it has “ample funding” available to carry out its digital strategy, which has seen 14 digital projection systems installed to date.
Source: Hollywood Reporter
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Headline, Industry News
Imax gets $10 million credit line
Tuesday October 07th 2008TORONTO — Giant-screen exhibitor Imax Corp. Monday said it has secured a new $10 million revolving line of credit with the Bank of Montreal, which replaces its $5 million credit facility with the same Canadian bank.
The debt refinancing adds to an existing $40 million secured credit facility, and $37.5 million in cash on hand as of Sept. 30, which has been used to help roll out its joint venture digital projection systems.
Toronto-based Imax said it has “ample funding” available to carry out its digital strategy, which has seen 14 digital projection systems installed to date.
Source: Hollywood Reporter
Leave a Reply
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