Kelley Drye Represents AccessIT In $22 Million Private Placement

Kelley Drye represented Access Integrated Technologies, Inc. in the completion of a private placement of $22 million in 8.5% Senior Unsecured Notes. AccessIT plans to use the proceeds of the transaction for, among other things, the expansion of its international digital cinema rollout. Kelley Drye regularly counsels AccessIT, the industry leader in providing fully integrated software and services to enable the motion picture entertainment industry and all of its constituents to transition from film to digital cinema.  Its studio-backed 4,000 screen ongoing deployment of digital systems is the first and the largest of its kind in the world and provides exhibitors with all the tools needed to transition to digital cinema.