Add Imax to the list of companies taking advantage of today’s low interest rates by borrowing or refinancing debt. The big-screen exhibition company says that Wells Fargo and Export Development of Canada have agreed to to provide up to $110 million in credit. The new arrangement replaces a $75 million credit facility with the lenders that charged a higher interest rate. The cash will “provide us with enhanced flexibility as we pursue our strategic initiatives and continue the global expansion of our business,” CEO Rich Gelfond says

Like 3D movies, iMAX movies are too expensive – at least the unconventional iMAX screens are. I see no real upside to paying a big surcharge to watch an iMAX movie where the screen is just a bit bigger, and the sound (really doesn’t sound any different). The only real difference is the ticket price. This expansion does not sound like a good idea.