Sageview Capital invests in Cinedigm Digital

http://www.filmjournal.com/filmjournal/content_display/news-and-features/news/digital-cinema/e3i2e9044066d727a1ac154eec59781a5be

Aug 13, 2009

Cinedigm Digital Cinema Corp. completed a $75 million private placement of securities to Sageview Capital, consisting of a senior note due 2014 and a warrant to purchase common stock. The capital infusion provides funds for the company's continued growth and introduces a key long-term investor into the shareholder base.

Cinedigm appointed Ned Gilhuly, a managing partner of Sageview, to its board of directors immediately and, subject to shareholder approval, will add a second designee of Sageview as a director following its upcoming shareholder meeting.

 

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