Real Good Food Company, Inc. Class A ( (RGF) ) has issued an update.
Real Good Foods has revamped its financial structure by consolidating existing loans with PMC Financial Services into a new $52.98 million loan and creating a new $100.54 million term loan, both maturing in 2026 with potential extensions based on certain conditions. Additionally, the company secured a $60 million super-priority term loan from Emblem Investments Fund I, enhancing its working capital and enabling repayment of previous debts. These strategic moves are aimed at strengthening Real Good Foods’ long-term growth and operational capabilities, backed by significant lender confidence in the company’s future.
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