Cineverse subsidiary secures $3.125M loan for Pan's Labyrinth re-release and 3D conversion

Cineverse Corp.

Pans Borrower, Cineverse subsidiary, entered loan agreement with BondIt LLC for up to $3,125,000, maturing Oct 26, 2027.
Loan carries $179,000 minimum interest commitment, then 1.39% monthly interest; proceeds fund film re-release, 3D conversion, and East West Bank credit facility payment.
BondIt receives 11.25% royalty on film receipts until 1.75x principal and interest repaid; loan secured by film rights and distribution agreements.
Cineverse guarantees loan up to $2,343,750, subordinated to East West Bank credit facility.

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