{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-005926","form_type":"8-K","ticker":"NROM","cik":"0000709005","company_name":"NOBLE ROMANS INC","filed_at":"2026-06-12T16:52:32+00:00","discovered_at":"2026-06-12T16:53:00.540330+00:00","generated_at":"2026-06-12T16:53:15.079684+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Noble Roman's enters $6.9M term loan with Lake Forest Bank, repays Corbel debt and cancels warrants","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-005926","json":"https://secwatch.observer/filing/0001654954-26-005926.json","markdown":"https://secwatch.observer/filing/0001654954-26-005926.md","text":"https://secwatch.observer/filing/0001654954-26-005926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/709005/000165495426005926/0001654954-26-005926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/709005/000165495426005926/nrom_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T16:53:15.079684+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":"91f6c2d7f246546447408c804dc913fd4b46c1ec","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/709005/000165495426005926/0001654954-26-005926-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$6.9 million"},{"label":"Counterparty","value":"Lake Forest Bank & Trust Company, N.A."},{"label":"Rate","value":"Term SOFR plus 4.00% (currently 7.60% per annum)"},{"label":"Maturity","value":"five-year maturity period"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ff1c794c27de0f15d6e1f7a7177c537a16d5aeec","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/709005/000165495426005926/0001654954-26-005926-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lake Forest Bank & Trust Company, N.A."},{"label":"Value","value":"Senior secured term loan of approximately $6.9 million, Term SOFR plus 4.00% (currently 7.60% per an"},{"label":"Effective","value":"2026-06-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}