debt
confidence high
sentiment negative
materiality 0.65
Noble Roman's extends maturity of $6.7M senior note to April 7, 2025; negotiating refinancing
NOBLE ROMANS INC
- Amended loan agreement with Corbel Capital Partners; maturity extended from Feb 7 to Apr 7, 2025.
- Outstanding balance on senior secured note is approximately $6.7 million.
- Deferred fee of 1.5% of loan balance payable upon repayment or extended maturity.
- Company agreed to reimburse Corbel expenses up to $4,500 for the extension.
- Company in discussions with potential lenders; believes financing will close before April 7.