IMAX Enters Into Expanded $200 Million Credit Facility

NEW YORK, Feb. 8, 2013 /CNW/ - IMAX Corporation (NYSE:IMAX; TSX:IMX) today 
announced it has entered into an amended senior secured credit facility for up 
to $200 million with Wells Fargo Bank, National Association  (NYSE: WFC), with 
the participation of Export Development Canada (EDC), the Canadian Imperial 
Bank of Commerce (CIBC), the Royal Bank of Canada (RBC), HSBC Canada, and the 
National Bank of Canada. Wells Fargo serves as administrative agent, sole lead 
arranger and sole bookrunner on the transaction.  The new facility replaces 
IMAX's previous $110 million facility with Wells Fargo and EDC and will permit 
IMAX to undertake up to $150 million in stock buybacks and dividends provided 
certain covenants are maintained. IMAX intends to use proceeds from the new 
facility to refinance the existing revolver and for general corporate 
purposes, such as funding its strategic initiatives, including its continued 
global expansion, ongoing working capital requirements, investments and 
capital expenditures. The maturity date of the new credit facility is Feb. 7, 
2018, compared with a maturity date of Oct. 31, 2015, for the prior credit 
Borrowings under the new credit facility will bear interest at the reduced 
spread of 1.50% to 2.00% above LIBOR, depending on maximum total leverage 
"This new facility, coupled with the recurring cash generated by our business, 
will provide us with enhanced flexibility as we pursue our strategic 
initiatives and continue the global expansion of our business," said Richard 
L. Gelfond, CEO of IMAX. 
About IMAX Corporation IMAX, an innovator in entertainment technology, 
combines proprietary software, architecture and equipment to create 
experiences that take you beyond the edge of your seat to a world you've never 
imagined. Top filmmakers and studios are utilizing IMAX theatres to connect 
with audiences in extraordinary ways, and, as such, IMAX's network is among 
the most important and successful theatrical distribution platforms for major 
event films around the globe. 
IMAX is headquartered in New York, Toronto and Los Angeles, with offices in 
London, Tokyo, Shanghai and Beijing.  As of Sept. 30, 2012, there were 689 
IMAX theatres (556 commercial multiplex, 20 commercial destination and 113 
institutional) in 52 countries. 
IMAX®, IMAX® 3D, IMAX DMR®, Experience It In IMAX®, An IMAX 3D 
Experience®, The IMAX Experience® and IMAX Is Believing® are trademarks of 
IMAX Corporation. More information about the Company can be found at You may also connect with IMAX on Facebook 
(, Twitter ( and YouTube 
For additional information please contact: 
Business Media:                                                                                 IMAX Corporation – 
New York 
IMAX Corporation – New York                                                               Teri Loxam 
Ann Sommerlath                                                                                  212-821-0110 
212-821-0155                                                                           Entertainment Media: 
Sloane & Company – New York                                                               Principal Communications 
Group – Los Angeles 
Whit Clay                                                                                       Melissa Zuckerman/Paul 
212-446-1864                                                                                    323-658-1555 
PRN Photo Desk, 
SOURCE: IMAX Corporation 
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CO: IMAX Corporation
ST: New York
-0- Feb/08/2013 12:31 GMT
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