other material
confidence high
sentiment positive
materiality 0.60
IMAX amends credit agreement to allow $30M in share repurchases, increases China buyback limit
IMAX CORP
- Amendment adds $30M in permitted share repurchases for IMAX, subject to $300M minimum liquidity covenant.
- Permitted share repurchases at IMAX China Holding increased from $5M to $20M, subject to existing financial covenants.
- Modifications effective until earlier of Q4 2022 compliance certificate delivery or election to use actual/ annualized EBITDA for leverage ratio.