Rocky Mountain Chocolate Factory borrows $1.8M from insiders at 12% interest

Rocky Mountain Chocolate Factory, Inc.

Borrowed $1.2M from RMCF2 Credit, LLC (affiliated with Interim CEO Jeffrey Geygan) via a new credit agreement.
Received an additional $600K from RMC Credit Facility, LLC (affiliated with director Steven Craig) via an amendment.
Both loans bear 12% annual interest, mature Sept 30, 2027, and are secured by the Durango, CO property and other assets.
Financial covenant for maximum total liabilities to net worth was waived for fiscal quarters ending Aug 31 and Nov 30, 2025.
Proceeds will fund continued capital investment and working capital needs.

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