IMAX Corporation IMAX today announced it has received a commitment letter from Wells Fargo Capital Finance Corporation Canada part of Wells Fargo & Company WFC, pursuant to which Wells Fargo Capital
Finance has agreed to expand its senior secured credit facility to up to $110 million, replacing its previous $75 million facility. The facility expansion will include the participation of Export Development Canada for $55
million. Upon execution of definitive documents, the amended credit facility will consist of up to a $60 million revolving term loan with no scheduled repayments and up to a $50 million asset-based revolving loan.
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