08:58 AM EDT, 07/15/2025 (MT Newswires) -- IMAX ( IMAX ) said Tuesday that it has renewed and expanded its senior secured revolving credit facility, increasing borrowing capacity to $375 million from $300 million, with an uncommitted accordion feature that allows for increases to $515 million or more.

The uncommitted accordion allows IMAX ( IMAX ) to request additional credit capacity, subject to lender approval but without lender obligation, the company said.

The facility, which matures in 2030, was arranged with seven lenders led by Wells Fargo Securities, it said, adding that the new credit agreement replaces the previous one and lowers borrowing costs.

IMAX ( IMAX ) shares gained more than 3% in recent Tuesday premarket activity.