Cinedigm Digital Cinema has closed two credit facilities totaling $195 million, improving the terms of its previous financing arrangements. The financings include a $125 million senior non-recourse credit facility led by Societe Generale Corporate & Investment Banking and a $70 million non-recourse credit facility provided by Prospect Capital.

Cinedigm said the credit facilities will be supported by cash flows from its digital cinema servicing business and will refinance its existing $92 million non-recourse senior loan and $98 million recourse note.

Cinedigm said the new facilities “significantly improve” upon the terms of the previous financing arrangements due to reduced borrowing costs, making all debt non-recourse to Cinedigm’s software and content businesses and a significant maturity extension.

Blackstone Advisory Partners acted as financial adviser with the transaction.

Cinedigm specializes in digital cinema deployment and servicing. It’s also a digital aggregator of independent content for theaters, digital and on-demand platforms, and on DVD/Blu-ray via partnerships with iTunes, Netflix, Amazon, Google, Hulu, Vudu, Xbox, Playstation and has a library of over 5,000 titles.