{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-020288","form_type":"8-K","ticker":"RICK","cik":"0000935419","company_name":"RCI HOSPITALITY HOLDINGS, INC.","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.549918+00:00","generated_at":"2026-06-02T23:40:18.963603+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RCI Hospitality subsidiary enters $20M term loan with Centennial Bank at 8.25% fixed for 5 years","bullets":["$20 million term loan, 10-year maturity; interest fixed at 8.25% for first 5 years then adjusts to UST+362 bps (floor 6.50%).","Monthly payments of $170,407.64 based on 20-year amortization; prepayment penalty 5% to 2% over first 8 years.","Loan secured by 9 real estate properties; guaranteed by parent RCI Hospitality Holdings and CEO Eric Langan.","Covenants require minimum $25M tangible net worth; dividends capped at $0.04/quarter unless debt service coverage <1.40x for 3 quarters (then suspended).","Proceeds used for working capital; Centennial Bank receives right of first refusal on future real estate financings of RCI Holdings."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-020288","json":"https://secwatch.observer/filing/0001628280-24-020288.json","markdown":"https://secwatch.observer/filing/0001628280-24-020288.md","text":"https://secwatch.observer/filing/0001628280-24-020288.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/935419/000162828024020288/0001628280-24-020288-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/935419/000162828024020288/rick-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:40:18.963603+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"235fcd07586eaebef69521c04b542341e0972c53","claim":"RCI HOSPITALITY HOLDINGS, INC. incurred term loan of $20.0 million with Centennial Bank at 8.25% maturing April 30, 2034.","evidence_excerpt":"our wholly-owned subsidiary RCI Holdings, Inc. (\"RCI Holdings\") entered into and closed a term loan with Centennial Bank for $20.0 million (the \"Loan\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/935419/000162828024020288/0001628280-24-020288-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$20.0 million"},{"label":"Counterparty","value":"Centennial Bank"},{"label":"Rate","value":"8.25%"},{"label":"Maturity","value":"April 30, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f59be1a07e457d2102025226a5d2be3547956ba0","claim":"RCI HOSPITALITY HOLDINGS, INC. entered into Loan Agreement with Centennial Bank valued at $20.0 million (effective 2024-04-30).","evidence_excerpt":"On April 30, 2024, our wholly-owned subsidiary RCI Holdings, Inc. (“RCI Holdings”) entered into and closed a term loan with Centennial Bank for $20.0 million (the “Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/935419/000162828024020288/0001628280-24-020288-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Centennial Bank"},{"label":"Value","value":"$20.0 million"},{"label":"Effective","value":"2024-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}