The question everyone should be asking themselves is this:
Why would IMAX be expanding a credit facility they barely use.
Yes, the terms are better, but that's just better value. The question is, why increase the value?
Answer 1: Just because they can? Maybe. It's a good idea to have access to $$$ when you need it.
Answer 2: Their need for capital will soon be growing. Working Capital will not only be required for screen installs, which currently easily fund themselves, but for an accelerated roll out of more products......be it new screens or be it projectors (laser upgrades?).
To me, this is a precurser to a Higher rate of growth.
Come on 1,000 laser screens by Avatar 2! (2015)
Imagine a marketing campaign that says "see the IMAX difference" and you see a drab/dark 'conventional' 3D screen right next to a an IMAX laser screen.
Don't for get 3 more Star Wars with JJ Abrams doing the first who loves IMAX and has just shot 30 minutes of his next Star Trek using IMAX cameras. The last 2 Avatars and 3 Star Wars should gross in excess of 2 billion each with IMAX getting a decent percentage of that on top of a very full and strong slate of movies.