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
By DAVID LIEBERMAN, Financial Editor | Thursday June 2, 2011 @ 7:51pm EDTTags: IMAX Corportation, IMAX Richard L. Gelfond
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This article was printed from http://www.deadline.com/2011/06/imax-fuels-expansion-plan-with-110m-credit-facility/
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