secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0000950170-23-042100
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse extends East West Bank credit facility maturity to Sep 2024; adds minimum EBITDA covenant
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- Revolving maturity date extended to September 15, 2024 (previously Sep 2023) under Amendment No. 1.
- No outstanding principal balance under the facility as of August 8, 2023.
- New minimum Adjusted EBITDA covenant added for 12-month periods through Aug 2024 (specific thresholds redacted).
- $50,000 upfront fee paid to East West Bank; amendment reflects name changes from Cinedigm to Cineverse for several subsidiaries.
- Additional reporting: financial projections for fiscal quarter ending June 30, 2024 due within 60 days of year-end 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023042100/0000950170-23-042100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023042100/cnvs-20230811.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042100

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