Rocky Mountain Chocolate Factory Enters Into New $6 Million Credit Facility

Core Viewpoint - Rocky Mountain Chocolate Factory Inc. has secured a new three-year $6 million credit agreement to enhance its capital structure and support growth initiatives [1][2]. Financial Details - The credit facility allows for interest-only payments until the maturity date of September 30, 2027, with an interest rate of 12% per annum [2]. - Proceeds from the new credit agreement will be used to retire an existing $4 million revolving credit facility, of which $3.45 million was outstanding as of September 30, 2024 [3]. Company Overview - Rocky Mountain Chocolate Factory is an international franchiser and producer of premium chocolates and confectionery products, including gourmet caramel apples [5]. - The company operates over 260 stores across the United States and has several international locations, with its stock listed on the Nasdaq under the symbol "RMCF" [5].