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Stock impact report

IMAX Corporation Announces Closing of $250 Million Convertible Senior Notes Offering

Imax Corporation (IMAX) 
Last imax corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: imax.com/content/investor-relations
Company Research Source: Business Wire
Issued $250 million of 0.75% convertible senior notes due 2030; proceeds used to retire substantially all of the outstanding 2026 notes$57.10 price under capped call transaction, which represents an approximately 75% premium to current stock price NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) (“IMAX”) today announced the closing of its private offering of 0.75% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $250,000,000.“We are very pleased with the terms of this transaction — including the 0.75% coupon and the $57.10 cap price— as well as the market reaction, which we believe reflect a clear understanding among investors of our strong financial position and future growth outlook,” said Rich Gelfond, CEO of IMAX Corporation. “As we remain on track for the best year in IMAX history, this transaction further strengthens our balance sheet and provides greater flexibility to invest in growth across our gl Show less Read more
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