Real Good Food Company, Inc.: debt financing — Real Good Food ups second lien loan by $45M to $90M, cuts revolver to $35M

Real Good Food Company, Inc.

Second lien term loan principal increased from $45M to $90M; maturity remains Dec 31, 2025.
Proceeds from the $45M incremental term loan reduce the revolving credit facility balance.
Maximum borrowing under the revolver permanently reduced to $35M from prior level.
Amendment entered March 7, 2024 between Real Good Foods, LLC and PMC Financial Services Group.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Real Good Food Company, Inc. amended credit facility of $45.0 million second lien loan agreement with PMC Financial Services Group, LLC at applicable interest maturing December 31, 2025.

Instrument: credit facility
Principal: $45.0 million second lien loan agreement
Counterparty: PMC Financial Services Group, LLC
Rate: applicable interest
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

(“PMC”), dated June 30, 2016 (the “Existing Credit Facility”). The Amendment amended the Existing Credit Facility to allow for the following: • Increased the principal amount of $45.0 million second lien loan agreement with PMC maturing on December 31, 2025, by an additional $45.0 million. All other original terms of the second lien loan as described in the Company’s

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Real Good Food Company, Inc. amended Amendment with PMC Financial Services Group, LLC valued at $45.0 million (effective 2024-03-07).

Action: amendment
Agreement: credit facility
Counterparty: PMC Financial Services Group, LLC
Value: $45.0 million
Effective: 2024-03-07

Exact text from the filing

On March 7, 2024, Real Good Foods, LLC, a wholly owned subsidiary of The Real Good Food Company, Inc. (the “Company”), entered into an amendment (the “Amendment”) to its amended and restated Loan and Security Agreement with PMC Financial Services Group, LLC (“PMC”), dated June 30, 2016 (the “Existing Credit Facility”).

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Source: SEC EDGAR

accession 0001193125-24-065059

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