IMAX to repay some 9 5/8% senior notes using stock offering proceeds

By Angela McDaniels

Tacoma, Wash., June 1 - IMAX Corp. plans to repay a portion of its 9 5/8% senior notes due Dec. 1, 2010 using some of the proceeds from an upcoming offering of common shares, according to a 424B2 filing with the Securities and Exchange Commission.

The remainder of the proceeds will be used for general corporate purposes.

The stock offering is expected to settle before the end of the month. Its size was not disclosed in the filing.

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

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