debt
confidence high
sentiment neutral
materiality 0.50
Healthier Choices Management subsidiary secures $5M revolving credit facility at 12% interest
Healthier Choices Management Corp.
- HCWC, a wholly owned subsidiary of HCMC, entered into a $5M revolving line of credit with private lender Hal Mintz.
- Interest rate is 12% per annum, payable quarterly, with principal and accrued interest due on August 31, 2025.
- Proceeds will be used for general working capital purposes.
- Prepayment is permitted at any time upon 3 business days' written notice.