IMAX Corporation’s $200 Million Convertible Senior Notes Offering

Latham & Watkins LLP represented IMAX Corporation in the offering, while Simpson Thacher represented the initial purchasers.

IMAX Corporation, a world leader in entertainment technology, completed the offering of US$200 million aggregate principal amount of .5% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In connection with the offering, IMAX granted the initial purchasers an option to purchase up to an additional US$30 million aggregate principal amount of notes.

IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you’ve never imagined. Top filmmakers and studios are utilizing IMAX theaters to connect with audiences in extraordinary ways, and, as such, IMAX’s network is among the most important and successful theatrical distribution platforms for major event films around the globe.

Latham & Watkins LLP represented IMAX Corporation in the offering with a corporate team led by Washington, D.C. partner Patrick Shannon (Picture) and associates Christopher Clark, Isabel Rivera, and Jason Xi, with New York partner Reza Mojtabaee-Zamani and associates Christopher Yu and Hera Liao. Advice was also provided on tax matters by New York partners Elena Romanova and Bora Bozkurt, with New York associate Ron Moore; on finance matters by Washington, D.C. partners Manu Gayatrinath and Katherine Putnam, with associates Jennifer Kent and Dalton Downing; and on benefits and compensation matters by Washington, D.C. partner David Della Rocca.

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, with Sunny Cheong and Adriana Estor Restrepo (Capital Markets); Jonathan Lindabury, Caitlin Wood and Jakarri Hamlin (Derivatives); Andrew Purcell and Edward Grais (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); and Jennie Getsin (Blue Sky).

Involved fees earner: Bora Bozkurt – Latham & Watkins; Christopher Clark – Latham & Watkins; David Della Rocca – Latham & Watkins; Dalton Downing – Latham & Watkins; Manu Gayatrinath – Latham & Watkins; Jennifer Kent – Latham & Watkins; Reza Mojtabaee-Zamani – Latham & Watkins; Ronald Moore – Latham & Watkins; Katherine Putnam – Latham & Watkins; Isabel Rivera – Latham & Watkins; Elena Romanova – Latham & Watkins; Patrick Shannon – Latham & Watkins; Jason Xi – Latham & Watkins; Christopher Yu – Latham & Watkins; Sunny Cheong – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Adriana Estor-Restrepo – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Jakarri Hamlin – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Caitlin Wood – Simpson Thacher & Bartlett;

Law Firms: Latham & Watkins; Simpson Thacher & Bartlett;

Clients: IMAX Corporation; J.P. Morgan Securities LLC; Wells Fargo Securities;

Author: Martina Bellini