IMAX files $250 million shelf registration

By Devika Patel

Knoxville, Tenn., Feb. 13 - IMAX Corp. and its subsidiaries jointly filed a $250 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers debt securities, guarantees of debt securities, preferred shares, common shares, warrants, stock purchase contracts and units.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

"IMAX has no immediate plans to use the shelf registration statement for any specific financing, but it has been the preferred policy of the company to have this type of customary shelf registration in place," co-chairmen and co-chief executive officers Richard L. Gelfond and Bradley J. Wechsler said of the shelf registration in a press release.

"This filing gives IMAX maximum financial flexibility in order to take advantage of healthier market conditions in the future. The company remains completely focused on the smooth roll-out of our IMAX digital systems, for which there are currently 55 in operation, and on continuing to build our future movie slate."

IMAX is a Toronto-based motion picture technology company and theater operator.

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