NOBLE ROMANS INC (NROM): debt financing — Noble Roman's enters $6.9M term loan with Lake Forest Bank, repays Corbel debt and cancels warrants

NOBLE ROMANS INC

$6.9M term loan at Term SOFR + 4.00% (currently 7.60%), 5-year maturity, fixed monthly payments.
Proceeds used to repay ~$5.4M Corbel term loan plus interest, and $500k to repurchase and cancel 5.5M warrants.
Also repaid $580k subordinated debt and paid $196k in advisory fees plus closing costs.
New loan has no equity or payment-in-kind interest components, unlike the prior Corbel loan.
Loan secured by first liens on all assets; must hedge at least 50% notional within 90 days.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

NOBLE ROMANS INC incurred term loan of $6.9 million with Lake Forest Bank & Trust Company, N.A. at Term SOFR plus 4.00% (currently 7.60% per annum) maturing five-year maturity period.

Instrument: term loan
Principal: $6.9 million
Counterparty: Lake Forest Bank & Trust Company, N.A.
Rate: Term SOFR plus 4.00% (currently 7.60% per annum)
Maturity: five-year maturity period
Event: incurrence

Exact text from the filing

On June 10, 2026, Noble Roman’s, Inc. (the “Company”) entered into a Credit Agreement (the “Agreement”) with Lake Forest Bank & Trust Company, N.A., a subsidiary of Wintrust Financial Corporation (the “Lender”). Pursuant to the Agreement, the Lender provided the Company with a senior secured term loan (the “Term Loan”) in the amount of approximately $6.9 million.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

NOBLE ROMANS INC entered into Credit Agreement with Lake Forest Bank & Trust Company, N.A. valued at Senior secured term loan of approximately $6.9 million, Term SOFR plus 4.00% (currently 7.60% per an (effective 2026-06-10).

Action: entry
Agreement: credit facility
Counterparty: Lake Forest Bank & Trust Company, N.A.
Value: Senior secured term loan of approximately $6.9 million, Term SOFR plus 4.00% (currently 7.60% per an
Effective: 2026-06-10

Exact text from the filing

On June 10, 2026, Noble Roman’s, Inc. (the “Company”) entered into a Credit Agreement (the “Agreement”) with Lake Forest Bank & Trust Company, N.A., a subsidiary of Wintrust Financial Corporation (the “Lender”). Pursuant to the Agreement, the Lender provided the Company with a senior secured term loan (the “Term Loan”) in the amount of approximately $6.9 million.

View on SEC.gov

295 debt financings filed in the last 30 days. Browse all debt financings →

NOBLE ROMANS INC filing history →

Source: SEC EDGAR

accession 0001654954-26-005926

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