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Strengthened Balance Sheet Continues to Support Cinedigm s Streaming Asset Roll-up Acquisition Strategy
LOS ANGELES, CA / ACCESSWIRE / March 9, 2021 / Cinedigm (NASDAQ:CIDM) ( Cinedigm or the Company ), today announced that on March 4, 2021, Cinedigm DC Holdings, LLC, Access Digital Media, Inc., Access Digital Cinema Phase 2, Corp., Christie/AIX, Inc., Cinedigm Digital Funding I, LLC, and Prospect Capital Corporation entered into Amendment No. 3 to the Term Loan Agreement dated February 28, 2013. Under the Amendment, the maturity date of the loan under the Term Loan Agreement was extended to March 31, 2022. In connection with this Amendment, CDCH paid $3,500,000 to Prospect to reduce the outstanding principal amount of the Loan.
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