|
|
Article: United States : Cinedigm Digital Cinema Corp. Receives Commitment Letters for 5-Year, Senior Credit Facilities From GE Capital and Societe Generale.(Letter to the editor)
- Article from:
- TendersInfo
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: babalu03
Cinedigm Digital Cinema Corp. ("Cinedigm") (NASDAQ: CIDM) today announced its non-recourse deployment subsidiary, Access Digital Cinema Phase 2 Corp. ("Phase 2"), has received commitment letters from GE Capital's Media, Communications & Entertainment business and Societe Generale Corporate & Investment Banking for senior credit facilities totaling up to $100 million. Once closed, these facilities will support the deployment of up to 2,133 digital systems in 2010 as contemplated under Cinedigm's ongoing 10,000-screen digital cinema rollout.
Cinedigm anticipates the closing of this new loan facility, together with support from digital ...