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Brussels/Liège/Luxembourg—May 21, 2010

XDC Has Begun Utilising A Eur 100 Million Credit Facility to Finance the Rollout of Digital Cinema in Europe

The loan, consisting of two tranches of EUR 50 million, has been structured by BNP Paribas Fortis with the participation of the European Investment Bank (EIB) and KBC Bank. XDC has fulfilled all the conditions required in order to proceed with the first drawdown of this loan facility on 21 May 2010. 

The first tranche will be used initially for the rollout of digital systems at Belgian exhibitors. It will then be used for several digital installations, already planned for the next few weeks, in other countries such as Germany, Spain, Poland, Hungary, Czech Republic and Slovakia.  

This loan is the first important project finance deal in the European digital cinema industry.  It is largely covered by insurance provided by the Belgian Export Credit Agency (ONDD) for 22 European countries. 

“Finally, this is the tangible result of 18 months of intensive cooperation between XDC, the three banks and six major Hollywood studios,” said Serge Plasch, XDC’s CEO. “With this loan we will now in practical terms be able to finance more than 2,000 screens across 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
Countries:
Belgium

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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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