IMAX Plans to Launch $220 Million Convertible Senior Notes Offering

MT Newswires Live

Nov 03, 2025

IMAX (IMAX) said Monday it plans to offer $220 million of convertible senior notes due 2030 in a private offering.

The company said it expects to grant the initial purchasers of the notes an option to purchase up to an additional $30 million of notes, for settlement within 13 calendar days from the date of issuance.

In connection with the offering, IMAX said it expects to enter into one or more privately negotiated transactions with one or more holders of the 2026 notes to repurchase for cash a portion of the 2026 notes.

IMAX said it intends to use a portion of the net proceeds from the offering, together with cash on hand and borrowings under its revolving credit facility, to fund capped call transactions with certain financial institutions, repurchases of its 2026 notes, and for general corporate purposes.

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