IMAX issues $250M 0.75% convertible notes due 2030, repurchases $229.7M of 2026 notes

IMAX CORP

Issued $250M aggregate principal of 0.750% Convertible Senior Notes due 2030 (including $30M greenshoe).
Net proceeds ~$241.1M; used to fund $21.9M capped call transactions and repurchase $229.7M of 2026 notes for $276.0M.
Initial conversion price ~$42.42/share; capped call cap price $57.10, reducing dilution up to 75% premium.
Notes are senior unsecured, redeemable after Nov 2028 if stock >130% of conversion price.
Repurchased 2026 notes at a premium; remaining 2026 notes and debt profile updated.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

IMAX CORP issued convertible note to Initial Purchasers (J.P. Morgan Securities LLC and Wells Fargo Securities LLC, as representatives) for $220 million aggregate principal amount plus up to $30 million additional.

Security: convertible note
Purchaser: Initial Purchasers (J.P. Morgan Securities LLC and Wells Fargo Securities LLC, as representatives)
Consideration: $220 million aggregate principal amount plus up to $30 million additional

Exact text from the filing

whom J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as representatives (the “Representatives”), and the Initial Purchasers agreed to purchase from the Company, $220 million aggregate principal amount of the Company’s 0.750% Convertible Senior Notes due 2030 (the “base notes”), pursuant to a purchase agreement (the “Purchase Agreement”) among the

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Source: SEC EDGAR

accession 0001193125-25-270049

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