debt
confidence high
sentiment neutral
materiality 0.65
LiveOne amends credit facility with East West Bank, reduces principal to $3.75M, extends maturity to Nov 2025
LiveOne, Inc.
- Principal outstanding reduced to $3,750,000 after $3,250,000 repayment.
- Maturity extended to November 20, 2025; repayments start February 20, 2025.
- Interest rate set at Money Rate plus 2.50% (initial 10.00%); no prepayment penalty.
- Repayment schedule: 9 monthly payments of $400,000 plus a final payment of $151,291.67.
- Covenants maintained including $5,000,000 minimum cash deposit with East West Bank.