Imax announces seven-year refinancing deal

By Paul A. Harris

St. Louis, Nov. 10 - Imax Corp. announced in a Monday press release that it intends to bring a seven-year senior notes offering, although no size, timing or syndicate names were disclosed.

The Toronto-based giant-screen movie company said proceeds from the sale would complete its financing initiative, begun in 2001, to address the repayment of its 7 7/8% senior notes due December 2005, of which $153 million in principal remains outstanding, according to the release.

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