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LiveXLive Media pays off 100% of its senior secured debentures

LiveXLive (PRNewsFoto/Loton, Corp.) (PRNewsfoto/LiveXLive Media, Inc.)

LiveXLive Media, Inc. (Nasdaq: LIVX) (“LiveXLive”), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, announced today that effective August 31, 2020, it completed the planned payoff of approximately $9.0 million of its senior secured debentures.

LiveXLive’s CEO and Chairman, Robert Ellin, commented, “With the recent improvement in our operating results, combined with today’s announcement of paying off our senior debt in full, our net current equity position has increased by over $25 million since we last reported on June 30, 2020. The combined impact of these financial improvements puts us in a position of strength to continue accelerating our business initiatives as we move towards profitability.”