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Digital Cinema Financing Named "Media Deal of the Year" by Investment Dealers' Digest
On January 28, Investment Dealers' Digest (IDD) recognized Digital Cinema Implementations Partners, LLC (DCIP)'s $660 million financing for the acquisition and installation of digital cinema technology as the IDD 2010 Media Deal of the Year. DCIP, a joint venture among AMC Entertainment Inc., Cinemark Holdings Inc. and Regal Entertainment Group, closed the transaction on March 10, 2010, to finance the acquisition and installation of digital cinema projectors and related equipment in approximately 15,000 movie theater screens across the U.S. and Canada that are owned or operated by the three joint venture owners.
Paul, Weiss represented the mezzanine investor in the transaction. The team on the DCIP deal included corporate partner T. Robert Zochowski; tax partner Richard J. Bronstein; and employee benefits partner Robert C. Fleder.