Cineverse takes $3.1M loan to fund Pan's Labyrinth re-release and 3D conversion

What's the deal? CineverseDealroom has a profile for this one. Try Dealroom → (NASDAQ: CNVS) has secured a term loan of up to $3,125,000 from BondIt LLCDealroom has a profile for this one. Try Dealroom → to finance the re-release and 3D conversion of the film Pan's Labyrinth . The agreement, dated August 28, 2026, was signed through Cineverse's wholly owned subsidiary Pans BorrowerDealroom has a profile for this one. Try Dealroom →.

Where the money goes: Proceeds will reimburse advances paid to the film's licensor under distribution agreements, fund the 3D conversion, and partially repay an East West BankDealroom has a profile for this one. Try Dealroom → credit facility tied to the film.

The terms: The loan matures on October 26, 2027, and carries a 1.39% monthly interest rate after a seven-month minimum interest term. It includes a minimum interest commitment of $179,000.

What BondIt gets: Upon full repayment, BondIt is entitled to an 11.25% royalty on specified receipts from the film's sales, distribution, and marketing. That entitlement continues until BondIt collects up to 1.75 times the total principal and interest paid.

The structure: The financing is secured by a first-priority interest in the borrower's rights to Pan's Labyrinth , its distribution agreements, and related proceeds. Cineverse has separately guaranteed the loan, with obligations capped at $2,343,750 and subordinated to the East West Bank facility under an intercreditor agreement.

The signal: The deal shows Cineverse leaning on asset-backed debt to fund a single-title strategy, using the film's own future receipts as collateral. Structuring the raise around one property lets the company chase upside from a 3D re-release while limiting its guarantee exposure.

Image credit: Generated with Gemini