IMAX buys back $44.3 million 9 5/8% senior notes due 2010 at 97.75

By Susanna Moon

Chicago, June 9 - IMAX Corp. said it repurchased $44.3 million of its 9 5/8% senior notes due Dec. 1, 2010 at 97.75 cents on the dollar.

"We believe the repurchase of outstanding bonds at a discount represents a good return on investment on behalf of our shareholders and is a key step toward refinancing our remaining long-term debt in a timely and cost effective manner," IMAX chief executive officer Richard L. Gelfond said in a statement.

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

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