Chicken Soup for the Soul Bolsters Finances and Board
Company Announcements

Chicken Soup for the Soul Bolsters Finances and Board

An announcement from Chicken Soup For The Soul Entertainment (CSSE) is now available.

Chicken Soup for the Soul Entertainment, Inc. has secured an agreement enabling it to raise $175 million in working capital and make a $75 million loan prepayment. The arrangement includes strategic transactions like sublicensing video content and sale-leaseback deals, with a commitment to use some proceeds to reduce debt by June 2024. If successful, the company will extend its repayment period and aim for further debt reduction, leading to a potential full settlement. As part of the deal, the company has amended its board structure, adding two independent directors with expertise in restructuring and financial advisory.

For an in-depth examination of CSSE stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyTwelve new option listings and one option delisting on July 3rd
TheFlyChicken Soup for the Soul files for bankruptcy, NY Times reports
TipRanks Auto-Generated NewsdeskMajor Shareholder Overhauls Chicken Soup Entertainment Board
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App