IMAX repurchases $6 million more 9 5/8% senior notes due 2010

By Jennifer Chiou

New York, Aug. 6 - IMAX Corp. bought back $6 million more of its 9 5/8% senior notes due Dec. 1, 2010 after it entered into a July 23 agreement with funds managed by Hedgehog Capital LLC, according to a 10-Q filing with the Securities and Exchange Commission.

The company said it paid in cash $1,000.50 per $1,000 principal amount of notes.

As already reported, the company repurchased $44.3 million of the notes at 97.75 cents on the dollar after entering into an agreement with funds managed by Plainfield Asset Management LLC.

As a result of acquiring the notes, IMAX said it no longer has obligations under the indenture to any of the funds.

IMAX is a Toronto-based motion picture technology company and theater operator.

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