Christie/AIX to launch $172.5 million secured term loan on Wednesday

By Sara Rosenberg

New York, March 25 - Christie/AIX Inc. is scheduled to hold a bank meeting in New York on Wednesday to launch its proposed $172.5 million six-year senior secured term loan, according to a market source.

SG and GE Capital are the joint lead arrangers and bookrunners on the deal.

Price talk on the term loan, which will be publicly rated, is not yet available, the source said.

Proceeds will be used to refinance existing debt.

Christie/AIX is a wholly owned subsidiary of Cinedigm Digital Cinema Corp., a Morristown, N.J.-based provider of digital cinema platforms. The company was formed in June 2005 to implement the rollout of digital projection screens.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.