Cinedigm Digital Cinema Corp. (NASDAQ:CIDM) announced the closing of its previously announced non-recourse financing facility as well as the commitment to immediately deploy approximately 1,000 Cinedigm-Certified™ screens across four exhibitor partners. The funding is provided by Cinedigm's $77.5 million non-recourse financing facility with Joint Bookrunners Société Générale Corporate and Investment Banking and Natixis Corporate and Investment Bank Americas and Joint Lead Arranger ING Capital, together with $23.0 million junior lease capital provided by CHG-MERIDIAN US Finance, Ltd. The total facility size is $100.5 million.
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October 24th, 2011 at 11:16 am