---
title: IMAX Announces Plan to Refinance All Outstanding Debt
publisher: "IMAX"
description: "TORONTO, Nov. 10 /PRNewswire-FirstCall/ -- IMAX Corporation (Nasdaq: IMAX; TSX: IMX) today announced that it plans to refinance all of its outstanding debt through an offering of new senior notes with a proposed maturity of 2010. The proposed offering would complete the Company's initiative, begun"
canonical: "https://www.imax.com/pr/imax-announces-plan-refinance-all-outstanding-debt"
date: 2003-11-10
last_updated: 2003-11-12
---

IMAX Announces Plan to Refinance All Outstanding Debt
=====================================================

Mon, Nov 10, 2003

TORONTO, Nov. 10 /PRNewswire-FirstCall/ -- IMAX Corporation (Nasdaq: IMAX; TSX: IMX) today announced that it plans to refinance all of its outstanding debt through an offering of new senior notes with a proposed maturity of 2010. The proposed offering would complete the Company's initiative, begun in 2001, of addressing the repayment of its 7 7/8% senior notes due December 2005, of which $153 million in principal remains outstanding.

The notes have not been, and will not be registered under the U.S. Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release contains forward looking statements that are based on management assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Some of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2002 and in the subsequent reports filed by the Company with the Securities and Exchange Commission.

SOURCE IMAX Corporation

CONTACT:  
Media  
Romi Schutzer of IMAX Corporation, New York  
+1-212-821-0144  
or  
rschutzer@imax.com  
or  
entertainment media  
Al Newman of Newman & Company, Los Angeles  
+1-818-784-2130  
or  
asn@newman-co.com  
or  
business media  
Whit Clay of Sloane & Company, New York,  
+1-212-446-1864  
or  
wclay@sloanepr.com,  
or  
analysts  
Jennifer Gery of IMAX Corporation, New York  
+1-212-821-0144  
or  
jgery@imax.com  
Company News On-Call: http://www.prnewswire.com/comp/103201.html  
Web site: http://www.imax.com  
(IMAX)