{"id":869700,"date":"2025-07-15T09:36:38","date_gmt":"2025-07-15T13:36:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/imax-announces-renewal-and-expansion-of-credit-facility-to-375-million\/"},"modified":"2025-07-15T09:36:38","modified_gmt":"2025-07-15T13:36:38","slug":"imax-announces-renewal-and-expansion-of-credit-facility-to-375-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/imax-announces-renewal-and-expansion-of-credit-facility-to-375-million\/","title":{"rendered":"IMAX Announces Renewal and Expansion of Credit Facility to $375 Million"},"content":{"rendered":"

<\/p>\n

IMAX Announces Renewal and Expansion of Credit Facility to $375 Million<\/b><\/p>\n

Reflects Strength of IMAX\u2019s Business and Provides Incremental Financial Flexibility<\/i><\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nIMAX Corporation (NYSE: IMAX) today announced it has renewed and expanded its senior secured revolving credit facility, increasing the Company’s borrowing capacity from $300 million to $375 million with an uncommitted accordion feature allowing the Company to further expand its borrowing capacity to $515 million or greater. The new facility, which matures in 2030, was arranged in partnership with a syndicate of seven lenders, with Wells Fargo Securities, LLC as the sole lead arranger.<\/p>\n

\nThe renewed facility replaces the Company’s prior credit agreement and includes a reduction in borrowing costs, reflecting improved market conditions and the Company’s strong financial position. The facility is designed to provide IMAX with increased financial flexibility to support ongoing operational needs, network expansion, the refinancing of existing debt and other general corporate purposes.<\/p>\n

\n“The renewal of our credit facility reflects the strong, continued confidence in IMAX\u2019s business model, strategic position, and long-term growth trajectory,” said Rich Gelfond, CEO of IMAX. “As we expand our network and content portfolio, this facility provides us with additional flexibility in executing our priorities and optimizing our capital structure. The enhanced scale and efficiency of the facility, combined with recurring cash generated by our global network, positions the Company to further capitalize on our momentum to deliver value for shareholders.”<\/p>\n

About IMAX Corporation<\/b><\/p>\n

\nIMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you’ve never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX’s network among the most important and successful theatrical distribution platforms for major event films around the globe.<\/p>\n

\nIMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of March 31, 2025, there were 1,810 IMAX systems (1,738 commercial multiplexes, 11 commercial destinations, 61 institutional) operating in 89 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code \u201c1970\u201d.<\/p>\n

\nIMAX\u00ae<\/sup>, IMAX\u00ae<\/sup> 3D, Experience It In IMAX\u00ae<\/sup>, The <\/i>IMAX Experience<\/i>\u00ae<\/sup>, DMR\u00ae<\/sup>, Filmed For IMAX\u00ae<\/sup>, IMAX LIVE\u2122, and IMAX Enhanced\u00ae <\/sup>are trademarks and trade names of IMAX Corporation or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com<\/a>. You may also connect with IMAX on Instagram (www.instagram.com\/imax<\/a>), Facebook (www.facebook.com\/imax<\/a>), LinkedIn (www.linkedin.com\/company\/imax<\/a>), X (www.twitter.com\/imax<\/a>), and YouTube (www.youtube.com\/imaxmovies<\/a>).<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250715157412\/en\/<\/a><\/span><\/p>\n

\nFor additional information:<\/p>\n

Investors:
\n<\/b>
Jennifer Horsley
\n
jhorsley@imax.com
\n<\/b><\/a>
212.821.0154<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Finance Entertainment Professional Services Audio\/Video Software TV and Radio Film & Motion Pictures Hardware<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

IMAX Announces Renewal and Expansion of Credit Facility to $375 Million Reflects Strength of IMAX\u2019s Business and Provides Incremental Financial Flexibility NEW YORK–(BUSINESS WIRE)– IMAX Corporation (NYSE: IMAX) today announced it has renewed and expanded its senior secured revolving credit facility, increasing the Company’s borrowing capacity from $300 million to $375 million with an uncommitted accordion feature allowing the Company to further expand its borrowing capacity to $515 million or greater. The new facility, which matures in 2030, was arranged in partnership with a syndicate of seven lenders, with Wells Fargo Securities, LLC as the sole lead arranger. The renewed facility replaces the Company’s prior credit agreement and includes a reduction in borrowing costs, reflecting improved market conditions and the … <\/p>\n

Continue reading “IMAX Announces Renewal and Expansion of Credit Facility to $375 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-869700","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIMAX Announces Renewal and Expansion of Credit Facility to $375 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/imax-announces-renewal-and-expansion-of-credit-facility-to-375-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMAX Announces Renewal and Expansion of Credit Facility to $375 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IMAX Announces Renewal and Expansion of Credit Facility to $375 Million Reflects Strength of IMAX\u2019s Business and Provides Incremental Financial Flexibility NEW YORK–(BUSINESS WIRE)– IMAX Corporation (NYSE: IMAX) today announced it has renewed and expanded its senior secured revolving credit facility, increasing the Company’s borrowing capacity from $300 million to $375 million with an uncommitted accordion feature allowing the Company to further expand its borrowing capacity to $515 million or greater. The new facility, which matures in 2030, was arranged in partnership with a syndicate of seven lenders, with Wells Fargo Securities, LLC as the sole lead arranger. 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