Cinedigm announces approximately $3.5 million in debt reduction with final payoff of non-recourse loan from prospect capital corporation

Company now has completely eliminated all debt balances los angeles, ca / accesswire / july 15, 2021 / cinedigm (nasdaq:cidm), the leading independent streaming company super-serving enthusiast fan bases, announced today that the company has paid off the remainder of its prospect digital cinema loan in the amount of approximately $3.5 million, effective july 9, 2021. revenue from the sale of certain digital cinema equipment enabled the debt reduction and balance sheet improvement.
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