NEW YORK - Big-screen theater operator Imax Corp. said Friday it raised $70.1 million from the public offering of 9.8 million shares at $7.15 apiece.
It has granted its underwriter, Roth Capital Partners LLC, the option to purchase an additional 1.47 million common shares.
The company said it plans to use the proceeds to pay down debt, including a portion of senior notes with an interest rate of 9.625 percent due December 2010, as well as for general corporate purposes.
