IMAX enters new $375M credit facility maturing 2030 with accordion to $515M

IMAX CORP

New Seventh Amended and Restated Credit Agreement increases revolving borrowing capacity to $375M.
Uncommitted accordion feature allows expansion up to $515M or more via revolving or term loans.
Facility matures July 14, 2030, with springing maturity if certain convertible debt exceeds $100M.
Interest rates: Term SOFR, Eurocurrency, or Term CORRA plus 1.00%-1.75% or base/prime plus 0.25%-1.00%.
Company drew $52M at closing to repay prior facility; proceeds also for working capital and general corporate purposes.

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