IMAX Corporation (IMAX) announced that it intends to offer $220 million aggregate principal amount of convertible senior notes due 2030 in a private offering. The company also expects to grant the initial purchasers of the notes an option to purchase up to an additional $30 million principal amount of notes.
IMAX intends to use a portion of the net proceeds from this offering, together with cash on hand and debt, to fund the cost of entering into the capped call transactions and to consummate the 2026 notes repurchases.
The company aims to use any remaining net proceeds for working capital and general corporate purposes.
If the initial purchasers exercise their option to purchase additional notes, then IMAX intends to use additional cash on hand and debt to fund the cost of entering into additional capped call transactions.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.