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06.11.25 - 22:54
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IMAX Corporation Announces Closing of $250 Million Convertible Senior Notes Offering (Business Wire)
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Issued $250 million of 0.75% convertible senior notes due 2030; proceeds used to retire substantially all of the outstanding 2026 notes
$57.10 price under capped call transaction, which represents an approximately 75% premium to current stock price
NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) (“IMAX”) today announced the closing of its private offering of 0.75% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $250,000,000.
“We are very pleased with the terms of this transaction — including the 0.75% coupon and the $57.10 cap price— as well as the market reaction, which we believe reflect a clear understanding among investors of our strong financial position and future growth outlook,” said Rich Gelfond, CEO of IMAX Corporation. “As we remain on track for the best year in IMAX history, this transaction further strengthens our balance sheet and provides greater flexibility to invest in growth across our global...
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04.11.25 - 06:51
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IMAX Corporation Prices $220 Million Convertible Senior Notes Offering (Business Wire)
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Opportunistic capital raise for the substantial refinancing of outstanding 2026 notes
IMAX to purchase capped calls intended to offset any share dilution until a 75% premium to the last reported sale price of IMAX's common shares on the date of pricing
NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) (“IMAX”) today announced the pricing of $220,000,000 aggregate principal amount of 0.75% convertible senior notes due 2030 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws. The issuance and sale of the notes are scheduled to settle on November 6, 2025, subject to customary closing conditions. IMAX also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the notes are first issued, up to...
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03.11.25 - 12:48
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IMAX Corporation Announces Proposed Convertible Senior Notes Offering (Business Wire)
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Opportunistic capital raise for the partial refinancing of outstanding 2026 notes, working capital, share repurchases or other general corporate purposes
IMAX to purchase capped calls intended to offset any share dilution until at least a targeted 75% premium to the last reported sale price of IMAX's common shares on the date of pricing
NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) (“IMAX”) today announced its intention to offer, subject to market and other conditions, $220,000,000 aggregate principal amount of convertible senior notes due 2030 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws. IMAX also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the notes are fir...
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