LiveOne, a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, and East West Bank, have extended LiveOne’s $7 million secured revolving credit facility until June 2024 year. The facility bears interest at the Prime Rate plus 0.5%.
“We appreciate our relationship with East West Bank and the confidence they are showing by extending the term of the credit facility, which increases our financial flexibility and liquidity,” Robert Ellin, CEO and chairman of LiveOne, said. Additionally, the low interest rate is a testament to our improving financial position and creditworthiness.”
