Cinedigm to Hold Conference Call to Discuss Recent $195 Million Refinancing
LOS ANGELES--(BUSINESS WIRE)-- Cinedigm Digital Cinema Corporation (NAS: CIDM) will hold a conference call and simultaneous webcast slide presentation on Thursday, March 7, 2013, at 11:00 am EST to discuss the recent closing of $195 million in two new credit facilities to refinance all existing Phase 1 senior debt and corporate debt. Participating in the call will be Chris McGurk, Chairman of the Board and Chief Executive Officer, and Adam Mizel, Chief Operating Officer and Chief Financial Officer.
On Friday, March 1, 2013, Cinedigm announced the closing of a $125 million senior non-recourse credit facility led by Societe Generale Corporate & Investment Banking and a $70 million non-recourse credit facility provided by Prospect Capital Corporation (NAS: PSEC) . These two new non-recourse credit facilities will be supported by the cash flows of the Phase 1 deployment and the Company's digital cinema servicing business and will refinance the Company's existing $92 million non-recourse senior 2010 Term Loan and $98 million recourse Note. The senior facility has received an upgraded rating of Baa3 from Moody's Investor Service.
To participate in the conference call, please dial (877) 754-5303, or for international callers (678) 894-3030, at least five minutes prior to the start of the call. The slide presentation portion of the call, as well as an audio webcast, can be accessed at http://investor.cinedigm.com/events.cfm. For the live audio and slide presentation webcast, please visit the site prior to the start of the call in order to register, download and install any necessary software. A replay of the call, as well as the accompanying slides, will also be available for 90 days on the Company's Website.
For those unable to participate during the live broadcast, a replay will be available beginning March 7, 2013 at 5:30 p.m. EST, through March 14, 2013 at 11:59 p.m. EST. To access the replay, dial (800) 585-8367 (U.S.) or (404) 537-3406 (International) and use passcode: 19426480.
Cinedigm is a leader in the digital entertainment revolution. Cinedigm's pioneering digital cinema deployment and servicing efforts, and our state of the art distribution and exhibition software, are cornerstones of the digital cinema transformation. Cinedigm's is also the leading digital aggregator of independent content in the world, providing end-to-end digital content delivery to theaters, across digital and on-demand platforms, and on DVD/Blu-ray. Through partnerships with iTunes, Netflix, Amazon, Google, Hulu, Vudu, Xbox, Playstation, and others, Cinedigm reaches a global digital audience. The company's library of over 5,000 titles includes award-winning documentaries from Docurama Films®, next-gen indies from Flatiron Film Company® and acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Film. CEG is proud to distribute many Oscar®-nominated films including "The Invisible War," "Hell and Back Again," "GasLand," "Waste Land" and "Paradise Lost 3: Purgatory." Current and upcoming CEG multi-platform releases include "Citadel," "In Our Nature" and "Don't Stop Believin': Everyman's Journey." Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp www.cinedigm.com.
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