Digital Cinema Implementation Partners, LLC (DCIP) completed its
financing transactions for the deployment of DCI-compliant digital
projection systems to nearly 14,000 movie theatre screens across
North America, including screens operated or managed by AMC
Entertainment, Cinemark Holdings and Regal Entertainment
Group.
DCIP’s financing transactions, advised by J.P. Morgan and
Blackstone Advisory Partners, include commitments of $445 million
in senior bank debt, $135 million in additional junior capital and
$80 million in equity from the member circuits for a total of $660
million in financing. DCIP will now begin deployment of digital
screens throughout the United States and Canada.
DCIP was formed in February 2007 as a joint venture owned equally
by AMC, Cinemark and Regal. DCIP has executed long-term deployment
agreements with Twentieth Century Fox, Sony Pictures Entertainment,
Walt Disney Studios Motion Pictures, Paramount Pictures, Universal
Pictures and Lionsgate Films.
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DCIP completes financing for digital rollout
March 10, 2010
DCIP completes financing for digital rollout
March 10, 2010
Digital Cinema Implementation Partners, LLC (DCIP) completed its financing transactions for the deployment of DCI-compliant digital projection systems to nearly 14,000 movie theatre screens across North America, including screens operated or managed by AMC Entertainment, Cinemark Holdings and Regal Entertainment Group.
DCIP’s financing transactions, advised by J.P. Morgan and Blackstone Advisory Partners, include commitments of $445 million in senior bank debt, $135 million in additional junior capital and $80 million in equity from the member circuits for a total of $660 million in financing. DCIP will now begin deployment of digital screens throughout the United States and Canada.
DCIP was formed in February 2007 as a joint venture owned equally by AMC, Cinemark and Regal. DCIP has executed long-term deployment agreements with Twentieth Century Fox, Sony Pictures Entertainment, Walt Disney Studios Motion Pictures, Paramount Pictures, Universal Pictures and Lionsgate Films.
DCIP’s financing transactions, advised by J.P. Morgan and Blackstone Advisory Partners, include commitments of $445 million in senior bank debt, $135 million in additional junior capital and $80 million in equity from the member circuits for a total of $660 million in financing. DCIP will now begin deployment of digital screens throughout the United States and Canada.
DCIP was formed in February 2007 as a joint venture owned equally by AMC, Cinemark and Regal. DCIP has executed long-term deployment agreements with Twentieth Century Fox, Sony Pictures Entertainment, Walt Disney Studios Motion Pictures, Paramount Pictures, Universal Pictures and Lionsgate Films.
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