---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-076731"
form_type: "8-K"
ticker: "LVO"
cik: "0001491419"
company_name: "LiveOne, Inc."
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T17:32:33.205169+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LiveOne enters ABL credit facility with East West Bank; deposit requirement cut to $5M

## Summary
- New asset-backed loan facility replaces existing revolving credit; borrowing base determines maximum advances.
- Minimum deposit requirement reduced from $8M to $5M; interest rate is prime + 2.50% with a 7.00% floor.
- Facility secured by first-priority lien on all assets of LiveOne and its subsidiaries; prepayable without penalty.
- Prior $7M promissory note from June 2021 continues as modified; financial covenants include minimum liquidity.

## SEC filing metadata
- accession: 0001213900-23-076731
- form_type: 8-K
- ticker: LVO
- cik: 0001491419
- company_name: LiveOne, Inc.
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1491419/000121390023076731/0001213900-23-076731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1491419/000121390023076731/ea185219-8k_liveone.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-076731
- JSON: https://secwatch.observer/filing/0001213900-23-076731.json
- Plain text: https://secwatch.observer/filing/0001213900-23-076731.txt

## Key facts
- Material Agreements
  LiveOne, Inc. entered into Business Loan Agreement with East West Bank (effective 2023-09-08).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: East West Bank
  - Effective: 2023-09-08
  source text: On September 8, 2023 and effective as of August 22, 2023 (the “Closing Date”), LiveOne, Inc. (the “Company”) entered into a new Business Loan Agreement (the “Business Loan Agreement”) with East West Bank (the “Senior Lender”), to convert the Company’s current revolving credit facility with the Senior Lender into an assets backed loan credit facility with the Lender
  evidence_url: https://www.sec.gov/Archives/edgar/data/1491419/000121390023076731/0001213900-23-076731-index.htm

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