|
|
Article: United States : Cinedigm Digital Cinema Corp awarded total finance commitment of USD100m.
- Article from:
- TendersInfo
- Article date:
- October 30, 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: rakshali03
Cinedigm Digital Cinema Corp (Nasdaq:CIDM) announced on Wednesday that its non-recourse deployment subsidiary, Access Digital Cinema Phase 2 Corp, has received commitment letters from GE Capital's Media, Communications & Entertainment business and Societe Generale Corporate & Investment Banking for senior credit facilities totalling up to USD100m. Cinedigm's Phase 2 subsidiary unit serves as the funding vehicle, administrator, and technology integrator for the company's 10,000-screen digital cinema rollout plan.
Once closed, these facilities will reportedly support the deployment of up to 2,133 digital systems in 2010 as contemplated ...