---
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"
generated_at: "2026-05-23T15:20:42.850597+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cineverse expands credit facility with East West Bank to $12.5M, extendable to $15M, with three-year term

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-053766
- JSON: https://secwatch.observer/filing/0000950170-25-053766.json
- Plain text: https://secwatch.observer/filing/0000950170-25-053766.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: maximum of $12,500,000 in revolving loans at any one time outstanding, which principal amount may be increased to $15,00
  - Counterparty: East West Bank
  - Rate: one and twenty-five one-hundredths of one percent (1.25%) above the Prime Rate
  - Maturity: April 8, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1173204/000095017025053766/0000950170-25-053766-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.