Cinedigm Corp. (NASDAQ:CIDM) Files An 8-K Other Events
Item 8.01Other Events.

Cinedigm Corp. (the “Company”) has entered into a term sheet with a third party lender with respect to an asset-based loan facility to be secured on a first lien basis. This loan, together with the Company’s outstanding asset-based credit facility, is expected to provide an aggregate of approximately $32.0 million in available capacity, increasing total capacity by $12.2 million. The term sheet is non-binding and there can be no assurance that the new loan will be consummated.

About Cinedigm Corp. (NASDAQ:CIDM)

Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to a range of titles and episodes released across various platforms. The Company’s segments include the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment). The Phase I Deployment and Phase II Deployment segments are the non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres. The Services segment provides fee-based support to over 12,000 movie screens in its Phase I Deployment and Phase II Deployment segments. Its Content & Entertainment segment is engaged in ancillary market aggregation and distribution of entertainment content, and branded and curated over-the-top (OTT) digital network business.

Cinedigm Corp. (NASDAQ:CIDM) Recent Trading Information

Cinedigm Corp. (NASDAQ:CIDM) closed its last trading session up +0.04 at 1.37 with 37,507 shares trading hands.