Cinedigm Expands Non-Recourse Credit Facility to $47 Million for Phase 2 Digital Cinema Conversions

Cinedigm Digital Cinema Corp. (“Cinedigm”) /quotes/comstock/15*!cidm/quotes/nls/cidm (CIDM 1.96, +0.25, +14.62%) today announced its Phase 2 subsidiary has expanded an existing non-recourse $8.9 million credit facility to approximately $47 million. A previous increase of $2.9 million in the facility along with this new increase of $35 million will be used to fund approximately 750 digital cinema systems with exhibitors under signed deployment agreements.