Cinedigm Digital Cinema gets commitments for $100 million facility

By Sara Rosenberg

New York, Oct. 28 - Cinedigm Digital Cinema Corp. received commitments for a $100 million senior credit facility, according to a news release.

GE Capital and Societe Generale provided the commitments.

Proceeds will be used to support the deployment of up to 2,133 digital systems in 2010.

GE Capital's commitment covers the financing of up to about 1,600 digital systems and Societe Generale's commitment covers the financing of up to an additional 533 digital systems.

Closing is expected to take place by Dec. 31.

Cinedigm is a Morristown, N.J.-based technology and services integrator that works with Hollywood movie studios and exhibitors to bring movies in digital cinema format.

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