---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027440"
form_type: "8-K"
ticker: "RMCF"
cik: "0001616262"
company_name: "Rocky Mountain Chocolate Factory, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:31:53.102169+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Rocky Mountain Chocolate Factory amends credit line; maturity extended to 2024, max reduced to $4M

## Summary
- Maturity of revolving credit line extended from September 30, 2023 to September 30, 2024.
- Maximum principal reduced from $5.0M to $4.0M; interest rate set at Daily Simple SOFR + 2.37% (initially 7.69%).
- Borrowings limited to 50% of eligible accounts receivable plus 50% of eligible inventory.
- Credit line collateralized by substantially all assets except retail store assets; $20,000 amendment fee paid.
- Capital expenditure covenant set at $3.5M per fiscal year.

## SEC filing metadata
- accession: 0001437749-23-027440
- form_type: 8-K
- ticker: RMCF
- cik: 0001616262
- company_name: Rocky Mountain Chocolate Factory, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616262/000143774923027440/0001437749-23-027440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616262/000143774923027440/rmcfd20230928_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027440
- JSON: https://secwatch.observer/filing/0001437749-23-027440.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027440.txt

## Key facts
- Debt Financings
  Rocky Mountain Chocolate Factory, Inc. amended revolving credit of Maximum principal amount lowered from $5 million to $4 million with Wells Fargo Bank, National Association at Daily Simple SOFR plus 2.37%, initially set at 7.69% maturing Extended from September 30, 2023 to September 30, 2024.
  - Instrument: revolving credit
  - Principal: Maximum principal amount lowered from $5 million to $4 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Daily Simple SOFR plus 2.37%, initially set at 7.69%
  - Maturity: Extended from September 30, 2023 to September 30, 2024
  - Event: amendment
  source text: “Line of Credit”) from September 30, 2023 to September 30, 2024. In addition, the Second Amendment lowers the maximum principal amount available under the Line of Credit from $5 million to $4 million and amends certain financial covenants in the Credit Agreement. Borrowings under the Line of Credit bear interest at a per annum rate equal to the Daily Simple SOFR
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616262/000143774923027440/0001437749-23-027440-index.htm
- Material Agreements
  Rocky Mountain Chocolate Factory, Inc. amended Second Amendment with Wells Fargo Bank, National Association valued at $4 million (effective 2023-09-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $4 million
  - Effective: 2023-09-28
  source text: Second Amendment to its Credit Agreement with Wells Fargo Bank, National Association (the “Lender”) (the “Second Amendment”), and (ii) the Revolving Line of Credit Note (the “Revolving Note”) in connection with the Second Amendment, each effective September 28, 2023. The Second Amendment and Revolving Note extend the maturity date of the Company’s revolving line of credit under the Credit Agreement, dated October 13, 2021 (the “Credit Agreement,” and together with the Second Amendment and the Revolving Note, the “Line of Credit”) from September 30, 2023 to September 30, 2024. In addition, the Second Amendment lowers the maximum principal amount available under the Line of Credit from $5 million to $4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616262/000143774923027440/0001437749-23-027440-index.htm
- Material Agreements
  Rocky Mountain Chocolate Factory, Inc. entered into Revolving Line of Credit Note with Wells Fargo Bank, National Association valued at $4 million (effective 2023-09-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $4 million
  - Effective: 2023-09-28
  source text: i) a Second Amendment to its Credit Agreement with Wells Fargo Bank, National Association (the “Lender”) (the “Second Amendment”), and (ii) the Revolving Line of Credit Note (the “Revolving Note”) in connection with the Second Amendment, each effective September 28, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616262/000143774923027440/0001437749-23-027440-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.