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East West Bank Extends LiveOne’s $7MM Secured Revolving Credit Facility

August 04, 2022, 08:05 AM
Filed Under: Technology
Related: East West Bank

LiveOne, an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced that East West Bank has extended LiveOne's $7 million secured revolving credit facility until June 2024 year. The facility bears interest at the Prime Rate plus 0.5%.

LiveOne's CEO and Chairman, Robert Ellin, stated, "We appreciate our relationship with East West Bank and the confidence they are showing by extending the term of the credit facility, which increases our financial flexibility and liquidity. Additionally, the low interest rate is a testament to our improving financial position and creditworthiness."

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