Cinedigm Borrows $195 Million Toward Digital Cinema Expansion

Cinedigm Digital Cinema Corp. has refinanced loans used to pay for installation of digital cinema systems in nearly 12,000 U.S. and Canadian movie theaters, as well as its entire corporate debt, at a lower interest rate for a longer term with an improved investment rating, using money it is already contracted to receive. The move leaves Cinedigm positioned to do additional borrowing in the future to grow the company or make a significant acquisition.