secwatch.observer — SEC 8-K summary
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Issuer:     Real Good Food Company, Inc. (—)
CIK:        0001871149
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-125370
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Real Good Food extends debt maturities, obtains $2.6M equipment loan, and receives conditional waiver of defaults
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- Extended Revolver and $90M Term Loan maturity from 2025 to Dec 31, 2026.
- New $2.6M equipment loan for oven acquisition; interest at Prime minus 0.5% + 6.85% PIK, floor 8%.
- Issued warrant to PMC for 4.9% of diluted equity at $0.01/share, exercisable from Dec 31, 2025.
- Received conditional waiver of existing defaults; must achieve monthly EBITDA targets from June 2024 through Dec 2025.
- Outstanding principal owed to PMC was $139.9M as of April 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/0001193125-24-125370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871149/000119312524125370/d831077d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-125370

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