Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home News

Cineverse Expands Existing Line of Credit Facility with East West Bank to $15MM with a Three-Year Term

Entertainment studio strengthens balance sheet with increased borrowing capacity as it focuses on content investment following recent box office success.

byRita Garwood
April 10, 2025
in News, Deal Announcements

LOS ANGELES – April 9, 2025 – Cineverse Corp. (Nasdaq: CNVS) (“Cineverse”, “us”, “our”, “we”, and the “Company”), a next-generation entertainment studio, today announced that it has expanded the size of its existing line of credit facility with Pasadena-based East West Bank from $7.5 million to $12.5 million, expandable to $15 million, and extended the term from one-year to three-years at an interest rate of Prime plus 1.25% (8.75% currently with a $0 current balance).

“Closing this expanded credit facility with our long-term collaborators at East West Bank allows us to make content and other investments that are critical to our top-line revenue growth,” said Chris McGurk, Cineverse Chairman and CEO. “The team at East West Bank, including Managing Director David Acosta, have been great to work with and we greatly appreciate their help and support over these past several years.”

This further strengthens the Company’s balance sheet without equity dilution. It comes following Cineverse’s recent reporting of a successful fiscal third quarter.

Previous Post

Capital Southwest Increases Corporate Credit Facility to $510MM

Next Post

ORIX Corporation USA’s Growth Capital Business Invests in Tuition.io

Related Posts

Deal Announcements

nFusion Capital Provides $10MM ABL Facility to Returning Client

May 8, 2026
Deal Announcements

First Business Bank’s ABL Team Funds $7MM Financing for Aviation Staffing Company Acquisition

May 8, 2026
Deal Announcements

Bain Capital Supports Growth of Kids2 with $225MM Credit Facility

May 8, 2026
News

Brean Capital Closes Inaugural $132.9MM Securitization for Regents Capital

May 8, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Lockton Closes on $600MM Term Loan and $1.6B Revolving Credit Line with Bank Syndicate

May 8, 2026
Deal Announcements

Alleon Healthcare Capital Provides $500K Medical Accounts Receivable Financing Facility to Substance Abuse Center

May 8, 2026
Next Post

ORIX Corporation USA's Growth Capital Business Invests in Tuition.io

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

National Business Capital Secures $8MM Financing for Defense Technology Manufacturer & Distributor in 4 Days

How Midsize Banks Should Approach Agentic AI

April 24, 2026

The New Era of Bank-Independent Lender Partnerships

May 8, 2026

The Eye of the Storm: Navigating the Surge in Middle-Market M&A Disputes

April 19, 2026

Cross-Border Capital Flows in Middle Market Private Credit

April 13, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years