{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-053766","form_type":"8-K","ticker":"CNVS","cik":"0001173204","company_name":"Cineverse Corp.","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.694133+00:00","generated_at":"2026-05-23T15:20:42.850597+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cineverse expands credit facility with East West Bank to $12.5M, extendable to $15M, with three-year term","bullets":["New $12.5M revolving facility (expandable to $15M at lender's discretion) replaces prior $7.5M line.","Maturity extended to April 8, 2028; interest rate Prime + 1.25% (currently 8.75%), $0 drawn at closing.","Proceeds to fund content investment/acquisitions, working capital, and repayment of prior facility expenses.","Company emphasizes non-dilutive financing and follows strong fiscal Q3 results reported in March 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-053766","json":"https://secwatch.observer/filing/0000950170-25-053766.json","markdown":"https://secwatch.observer/filing/0000950170-25-053766.md","text":"https://secwatch.observer/filing/0000950170-25-053766.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1173204/000095017025053766/0000950170-25-053766-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1173204/000095017025053766/cnvs-20250408.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:20:42.850597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"79bb85841e4d7bd00dd12776b27573099e317e94","claim":"Cineverse Corp. incurred credit facility of maximum of $12,500,000 in revolving loans at any one time outstanding, which principal amount may be increased to $15,00 with East West Bank at one and twenty-five one-hundredths of one percent (1.25%) above the Prime Rate maturing April 8, 2028.","evidence_excerpt":"The Loan Agreement provides for a credit facility (the “Credit Facility”) consisting of a maximum of $12,500,000 in revolving loans at any one time outstanding, which principal amount may be increased to $15,000,000 at the Company’s request and at EWB’s discretion, and having a maturity date of April 8, 2028. Advances under the Credit Facility will bear interest on the outstanding daily balance at one and twenty-five one-hundredths of one percent (1.25%) above the Prime Rate (as defined in the Loan Agreement).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1173204/000095017025053766/0000950170-25-053766-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"maximum of $12,500,000 in revolving loans at any one time outstanding, which principal amount may be increased to $15,00"},{"label":"Counterparty","value":"East West Bank"},{"label":"Rate","value":"one and twenty-five one-hundredths of one percent (1.25%) above the Prime Rate"},{"label":"Maturity","value":"April 8, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}