IMAX Expands Credit Facility to $375 Million, Enhances Financial Flexibility

IMAX has renewed and expanded its senior secured revolving credit facility to $375 million with a maturity of 2030. The facility provides increased financial flexibility to support operational needs, network expansion, debt refinancing, and general corporate purposes. The reduced borrowing costs reflect improved market conditions and IMAX's strong financial position.

IMAX Corporation (NYSE: IMAX) has announced the renewal and expansion of its senior secured revolving credit facility, increasing its borrowing capacity to $375 million with a maturity date of 2030. The new facility, arranged in partnership with a syndicate of seven lenders led by Wells Fargo Securities, LLC, provides the company with enhanced financial flexibility to support operational needs, network expansion, debt refinancing, and other general corporate purposes [2].

The expanded facility replaces IMAX's prior credit agreement and includes a reduction in borrowing costs, reflecting improved market conditions and the company's strong financial position. The uncommitted accordion feature allows IMAX to further expand its borrowing capacity to $515 million or greater, providing additional financial maneuverability [2].

"The renewal of our credit facility reflects the strong, continued confidence in IMAX’s 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" [2].

IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create immersive cinematic experiences. With over 1,800 IMAX systems operating in 89 countries and territories, the company continues to grow its global presence [2].

References:
[1] https://www.investing.com/news/company-news/cityfibre-secures-226-billion-to-fund-network-expansion-and-acquisitions-93CH-4133004
[2] https://www.businesswire.com/news/home/20250715157412/en/IMAX-Announces-Renewal-and-Expansion-of-Credit-Facility-to-%24375-Million