---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-008115"
form_type: "8-K"
ticker: "RICK"
cik: "0000935419"
company_name: "RCI HOSPITALITY HOLDINGS, INC."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:42:17.775637+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# RCI Hospitality subsidiary closes $10M credit line for nightclub acquisitions

## Summary
- $10M line from Centennial Bank; initial advance used to buy five nightclubs in Dallas/Ft. Worth and Houston, TX.
- Interest-only payments at Prime + 1%; initial 24-month term; converts to $5M revolver after principal repaid to $5M.
- Guaranteed by parent RCI Hospitality Holdings and CEO Eric Langan; UCC-1 blanket lien on all business assets.
- Non-usage fee of 0.5% applies if average outstanding balance <$3M over prior 12 months.

## SEC filing metadata
- accession: 0001628280-23-008115
- form_type: 8-K
- ticker: RICK
- cik: 0000935419
- company_name: RCI HOSPITALITY HOLDINGS, INC.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/935419/000162828023008115/0001628280-23-008115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/935419/000162828023008115/rick-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-008115
- JSON: https://secwatch.observer/filing/0001628280-23-008115.json
- Plain text: https://secwatch.observer/filing/0001628280-23-008115.txt

## Key facts
- Debt Financings
  RCI HOSPITALITY HOLDINGS, INC. incurred credit facility of $10 million with Centennial Bank at 1% above the Prime Rate (as published in The Wall Street Journal) maturing March 9, 2025.
  - Instrument: credit facility
  - Principal: $10 million
  - Counterparty: Centennial Bank
  - Rate: 1% above the Prime Rate (as published in The Wall Street Journal)
  - Maturity: March 9, 2025
  - Event: incurrence
  source text: On March 9, 2023, RCI Holdings, Inc. (“RCI Holdings”), a wholly owned subsidiary of RCI Hospitality Holdings, Inc. closed a $10 million line of credit with Centennial Bank (the “Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828023008115/0001628280-23-008115-index.htm

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