Sageview Capital Invests in Cinedigm Digital

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.

Source: FilmJournal