TORONTO -- Cineplex Odeon Corp. and its U.S. subsidiary, Plitt Theaters Inc., have entered into a $180 million credit agreement with a syndicate of banks including Bank of Nova Scotia, Bank of New York, Royal Bank of Canada, and National Bank of Canada.

The agreement includes a $130 million reducing revolving-term credit facility, a $15 million operating facility to Cineplex Odeon, and a $35 million reducing revolving-term credit facility to Plitt.

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