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News Breaks
07:39 EDTIMAX
theflyonthewall.com: IMAX enters into $75M credit agreement, increases borrowing capacity
IMAX Corp. announced that it has entered into a commitment letter with Wachovia Capital Finance Corporation pursuant to which Wachovia, with the participation of Export Development Canada, has committed to provide a four-year senior secured $75 million credit facility. Upon execution of definitive documents, the credit facility will consist of revolving loans of up to $40 million and a term loan of $35 million. Once completed, the Company intends to use the new facility to finance its future growth and working capital requirements. The proposed credit facility matures on October 31, 2013 and will replace the Company's previous $40 million credit facility which was to mature in October of 2010. :theflyonthewall.com



News For IMAX From The Last 14 Days
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February 7, 2010
21:47 EDTIMAX
theflyonthewall.com: Jim Cramer's "Mad Money"

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February 5, 2010
06:10 EDTIMAX
theflyonthewall.com: William Blair reports 5.23% passive stake in IMAX

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February 4, 2010
09:25 EDTIMAX
theflyonthewall.com: IMAX ties with movie distributors strengthening, says Roth Capital

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February 3, 2010
08:31 EDTIMAX
theflyonthewall.com: IMAX expands in Russia
IMAX Corporation and Rising Star Media, one of Russia’s leading international exhibitors, today announced an agreement to expand their relationship by installing two more digital IMAX® theatre systems by spring 2010. The deal follows a highly successful run of IMAX titles at the exhibitor’s two existing IMAX locations. Under terms of the deal, Rising Star will add a new digital IMAX location in Moscow, and upgrade its existing film-based IMAX location in St. Petersburg with an IMAX digital projection system. :theflyonthewall.com

February 2, 2010
11:40 EDTIMAX
theflyonthewall.com: IMAX management to meet with Morgan Joseph

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08:20 EDTIMAX
theflyonthewall.com: IMAX target raised to $21 from $19 at Roth Capital
Roth Capital raised its target on Imax to reflect the positive effects of the success of Avatar on the company, as well as the increased likelihood that the company will execute additional JV theater installations in 2010. The firm reiterates a Buy rating on the stock. :theflyonthewall.com
06:08 EDTIMAX
theflyonthewall.com: IMAX shares already pricing in Avatar upside, says Merriman

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