Cinedigm Corp:
* Bison capital to make significant strategic investment in cinedigm
* Cinedigm Corp - Bison Capital will take majority ownership stake in co
* Cinedigm Corp - agreed to sell to bison capital 20 million shares of Cinedigm's class a common stock for an aggregate purchase price of up to $30 million
* Cinedigm -in advanced talks for exchange agreement with holders representing about 99% by principal amount of its 5.5% convertible senior notes due 2035
* Cinedigm Corp - upon issuance of shares, bison capital will be entitled to designate two members of company's board of directors
* Cinedigm Corp - bison capital has committed to provide company with a $10 million loan for working capital purposes within 60 days of deal closing
* Cinedigm Corp - co and bison capital expect to work together to continue to refinance and retire remaining debt of company
* Cinedigm Corp - proceeds from sale of shares will be used for cash portions of notes exchange Source text for Eikon: Further company coverage: