04 Nov 2025

"IMAX Corporation Announces Pricing of $220 Million Convertible Senior Notes Due 2030"

"IMAX Corporation has announced the pricing of $220 million in convertible senior notes due 2030 in a private offering to institutional buyers, with an option for an additional $30 million. The sale is expected to close on November 6, 2025, subject to standard conditions. Latham & Watkins LLP is advising IMAX on the offering, with a team of legal experts covering capital markets, equity derivatives, tax, finance, and compensation matters."

Latham & Watkins LLP represented IMAX Corporation in the transaction. IMAX Corporation announced the pricing of US$220 million aggregate principal amount of 0.75% convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A of the US Securities Act of 1933. The offering includes an option for the initial purchasers to buy up to an additional US$30 million aggregate principal amount of notes, with the sale expected to close on November 6, 2025, subject to customary closing conditions. The Latham & Watkins LLP team advising IMAX was led by Washington, D.C. partners Patrick Shannon and Christopher Clark (Capital Markets), with associates Zoey Wu and Emily Marshall, and assistance from Jane Lee. Equity derivatives advice was provided by New York partner Reza Mojtabaee-Zamani and counsel Christopher Yu, with associate Connor Jobes. Tax matters were handled by New York partners Elena Romanova and Bora Bozkurt, with associate Claire Park and assistance from Brian Connor. Finance matters were advised on by Washington, D.C. partners Manu Gayatrinath and Katherine Putnam. Benefits and compensation matters were handled by Washington, D.C. partner David Della Rocca and counsel Richard Nettles.
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