Creative Realities to refinance with $20M revolver from First Merchants, pay off existing debt

CREATIVE REALITIES, INC.

Non-binding commitment letter for $20M senior secured revolver with $5M accordion from First Merchants.
Initial draw ~$14.5M to pay off all existing indebtedness and closing costs.
No prepayment penalties; eliminates fixed amortization payments for growth flexibility.
Closing expected on or after May 17, 2024, subject to due diligence and definitive documentation.
CEO says facility reduces interest expense, de-levers balance sheet, and positions for growth.

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