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Liège—Oct 13, 2008

XDC and Fortis Bank have entered into a mandate to arrange a 100 million Euro financing package

XDC and Fortis Bank have signed a mandate letter and an indicative term sheet to structure and arrange a 100 million Euro financing package in order to support XDC's first phase roll-out of digital cinema in Europe by early 2009.

Liège 2008 – Upon closing, this financing package will position XDC as a major player in the European market. Serge Plasch, CEO-Managing Director of XDC, is very pleased and proud to see that a leading project finance bank has decided to partner with XDC with the view to close the first major financing deal in the European digital cinema industry. He said: “This financial support is the missing link and we’re about to get it. The first step was to finalize the VPF deals with the studios. The second step is the signature of the first contracts with exhibitors and obtaining the support of European distributors which we have already begun with Cineplexx in Austria. This agreement with Fortis Bank will give our company the financial power to complete the first phase of the roll-out with more than 2.000 screens.”

Christophe De Winter, Executive Director, Global Export & Project Finance at Fortis Bank said: “The financing of the European digital cinema industry presents some unique opportunities but also challenges due to its innovative contractual structure. We are happy to share our expertise in structuring complex financing schemes with XDC, a solid and trusted partner in the roll-out of digital cinema equipment. We look forward to supporting XDC in the long term and to building a fruitful business relationship.” The parties have signed an indicative term sheet. However, the availability of the financing remains subject to satisfactory due diligence and documentation and to the bank’s credit committee approval.

Pierre Flamant, VP Finance & Administration concludes that “We worked very closely with Fortis Bank over the last months to design the most appropriate financial structure to the Digital Cinema Deployment Agreements signed with the six Hollywood’s studios. XDC will now have the adequate financing to execute its ambitious business plan. Our team of more than 50 experts fully dedicated to digital cinema products and services is very enthusiastic to start the roll-out of digital systems. We are 100% determined to remain the leading pan-European service company for digital cinema and we are fully confident we will complete our global mandate for supplying 8.000 screens all over Europe."


About CinemaNext:
CinemaNext is the Ymagis Group’s business unit dedicated to exhibitor services. Founded in 2007 and managed by professionals from the motion picture and high-tech industries, Ymagis Group is a European leader in advanced digital technology services for the cinema industry. Through CinemaNext and Eclair, the Group provides smart, comprehensive solutions to movie exhibitors, distributors (feature films & event cinema), producers, rights holders, cinema/TV advertising networks, broadcasters, OTT channels and video publishers. Over the years, Ymagis Group has significantly expanded its portfolio of solutions & services and further developed its geographic footprint in Europe with permanent offices in 26 countries. The company’s core business is structured around three main units: CinemaNext (exhibitor services: sales and field services, software solutions, customer service/NOC and consulting), Eclair (content services: post-production, theatrical delivery, digital distribution, versioning and accessibility, restoration and preservation) and Ymagis (VPF & financial services). A publicly-traded company listed on Euronext, Ymagis Group is headquartered in Paris (France) and has close to 750 employees.
CinemaNext Directory page

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More CinemaNext News:
Jul 12, 2018 CinemaNext Inaugurates New State-of-the-Art Premises in Liège-Barchon, Paris and Düsseldorf
Apr 25, 2018 CinemaNext Signs Agreement with Austrian Circuit Cineplexx for First Samsung 3D Onyx CinemaLED
Apr 20, 2018 CinemaNext Reaches Agreement with Paris-based Les 7 Batignolles for Sphera Premium Cinema Launch
Apr 17, 2018 CinemaNext Signs Agreement with Alamo Drafthouse Cinema for EclairColor HDR Deployment in the US
Apr 12, 2018 CinemaNext Partners with Leadcom and Ferco for Global Cinema Seating Distribution Agreements
Apr 5, 2018 HARMAN Professional Solutions Helps CinemaNext Create An Immersive Cinematic Experience with Sphera Theater
Mar 7, 2018 CinemaNext Opens New Branch in Dubai, Appoints Francois Inizan as General Manager, Middle East & Africa
Feb 15, 2018 CinemaNext and Ezcaray International Reach Global Cinema Seating Distribution Agreement
Sep 6, 2017 Ymagis Group Announces Agreement with Village Cinemas for Sphera Premium Cinema in Athens
Aug 28, 2017 CinemaNext Opens New Offices in Dallas and Presents EclairColor HDR Solution in Conjunction with CinéShow USA
Jun 21, 2017 CinemaNext Announces Technology Licensing Agreement with Adaptive Technologies Group at CineEurope 2017
Apr 12, 2017 Ymagis Group to Launch Cinemanext North America with Texas-based Partner Cintech
Mar 28, 2017 CinemaNext Signs Agreement with French Cinema Circuit Megarama for 15 Screens Equipped with EclairColor
Mar 21, 2017 CinemaNext Announces New Premium Format Cinema Concept Sphera at CinemaCon 2017
Mar 15, 2017 CinemaNext and Eclair to Present New Revolutionary HDR Solution EclairColor at CinemaCon 2017 in Las Vegas
Sep 24, 2015 dcinex/Ymagis Group Installs First Sony SRX-R515DS Dual 4K Projection Solution in Germany at Cinecitta’ Multiplexkino Nuremberg
May 6, 2015 Ymagis Group Strengthens its Presence in Germany with Increased Services to Movie Exhibitors
May 5, 2015 Nordisk Film Biografer Illuminates New Multiplex in Copenhagen with Ultra-Bright Barco DP4K-60L Laser Projector
Jul 21, 2014 Ymagis Announces It Has Reached an Agreement to Acquire the dcinex Group
Jun 18, 2014 3000 VPF Screens in Europe… and Counting
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