The Firm represented the initial purchasers in connection with the offering by IMAX Corporation of $250 million aggregate principal amount of 0.750% Convertible Senior Notes due 2030, which includes the full exercise of the initial purchasers’ option to purchase additional notes. In addition, the Firm represented certain financial institutions in capped call transactions entered into with IMAX concurrently with the notes offering. IMAX used the net proceeds of the offering, together with cash on hand and borrowings under its credit facility, to repurchase its existing convertible senior notes due 2026 and fund the cost of the capped call transactions.
IMAX is a premier global technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property and specialized equipment, IMAX offers a unique end-to-end solution designed to create superior, awe-inspiring immersive content experiences for which the IMAX brand is globally renowned.
The Simpson Thacher team included Roxane Reardon, Matt Hart, Erin Camia and Marlena Choupo (Capital Markets); Jonathan Lindabury, Marc Langer, Diana Yen and Ruben Aguirre (Derivatives); Jonathan Cantor (Tax); Erica Rozow, George Gerstein and Jesslyn Nunez (Executive Compensation and Employee Benefits); Corina Holland (Intellectual Property); and Jennie Getsin (Blue Sky).