Latham & Watkins Advises IMAX Corporation in US$200 Million Convertible Senior Notes Offering

IMAX Corporation, a world leader in entertainment technology, has announced the pricing of US$200 million aggregate principal amount of .5% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In connection with the offering, IMAX granted the initial purchasers an option to purchase up to an additional US$30 million aggregate principal amount of notes. The sale is expected to close on March 19, 2021, subject to customary closing conditions.

Latham & Watkins LLP represented IMAX Corporation in the offering with a corporate team led by Washington, D.C. partner Patrick Shannon and associates Christopher Clark, Isabel Rivera, and Jason Xi, with New York partner Reza Mojtabaee-Zamani and associates Christopher Yu and Hera Liao. Advice was also provided on tax matters by New York partners Elena Romanova and Bora Bozkurt, with New York associate Ron Moore; on finance matters by Washington, D.C. partners Manu Gayatrinath and Katherine Putnam, with associates Jennifer Kent and Dalton Downing; and on benefits and compensation matters by Washington, D.C. partner David Della Rocca.