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Cineplex Inc Completes Acquisition of 24 EmpireTheatres In Atlantic Canada

Thursday, 24 Oct 2013 04:00pm EDT 

Cineplex Inc announced it has completed the acquisition of 24 Atlantic Canadian theatres from New Glasgow, Nova Scotia-based Empire Theatres Limited, for approximately $194 million, subject to closing adjustments. Cineplex also announced it has signed a credit agreement with a syndicate of banks to amend and extend its current credit facilities, the terms of which were announced on October 21, 2013. The amended facility includes an extended five year term, with a total availability of $500 million, comprised of a $150 million five-year senior secured non-revolving term credit facility, and a $350 million five-year senior secured revolving credit facility. Cineplex drew on the revolving facility to fund the acquisition. 

Company Quote

0.37 +0.82%
24 Dec 2014