Rocky Mountain Chocolate enters into $6M credit facility

Rocky Mountain Chocolate Factory has entered into a new three-year $6M credit agreement with RMC Credit Facility, LLC, a special purposes investment entity affiliated with current RMCF board member Steve Craig. The credit facility provides for interest-only payments until the September 30, 2027 maturity date. Borrowings under the credit agreement will bear interest at 12% per annum. The Company used the proceeds to retire its existing $4M revolving credit facility, of which $3.45M was outstanding on September 30, 2024. The remaining balance from the new credit agreement will be used for continued capital investment and working capital needs.