United States : Cinedigm Digital Cinema Corp awarded total finance commitment of USD100m.Byline: rakshali03 Cinedigm Digital Cinema Corp (Nasdaq:CIDM CIDM Customer Integrated Decision Making CIDM Certified Insurance Data Manager CIDM Collaborative Identity Management CIDM Cisco Intrusion Detection Module CIDM Community-Initiated Decision-Making CIDM Center for International Development and Conflict Management ) announced on Wednesday Wednesday: see week. that its non-recourse deployment subsidiary, Access Digital Cinema Phase 2 Corp, has received commitment letters from GE Capital's Media, Communications & Entertainment business and Societe Generale Corporate & Investment Banking for senior credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities totalling up to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100m. Cinedigm's Phase 2 subsidiary unit serves as the funding vehicle, administrator, and technology integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. for the company's 10,000-screen digital cinema rollout plan. Once closed, these facilities will reportedly support the deployment of up to 2,133 digital systems in 2010 as contemplated under Cinedigm's ongoing 10,000-screen digital cinema rollout. Cinedigm anticipates the closing of this new loan facility, together with support from digital cinema equipment vendors Christie Digital Systems and Barco Inc (NYSE Euronext For other uses of "NYX", see NYX (disambiguation). NYSE Euronext, Inc. (NYSE: NYX, Euronext: NYX) (formerly NYSE Group, Inc.) is a for-profit corporation that operates multiple securities exchanges, most notably the New York Stock Exchange (the "Big Board"), Brussels: BAR), by 31 December 2009, with installations targeted to commence in early 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. Both commitments by GE Capital and Societe Generale Corporate & Investment Banking are subject to certain closing conditions, including the execution of loan documentation satisfactory to GE Capital, Societe Generale and Cinedigm's Phase 2 subsidiary. Cinedigm is a technology and services integrator that brings movies in digital cinema format to audiences across the US. GE Capital, Media, Communications & Entertainment, a business unit of General Electric Company (NYSE NYSE See: New York Stock Exchange :GE), is a provider of corporate finance solutions across the media, communications and entertainment sectors. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion