IMAX Fuels Expansion Plan With $110M Credit Facility

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

Source: http://www.deadline.com/2011/06/imax-fuels-expansion-plan-with-110m-credit-facility/

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