The Real Good Food Company, Inc. (NASDAQ:RGF) has signed a definitive debt refinancing agreement with PMC Financial Services Group, LLC to enhance liquidity by up to $15 million. The agreement includes a new $45 million second lien loan that will pay down $20 million of existing term loans and part of the revolving credit facility, increasing the facility's capacity to $70 million. The loan matures on December 31, 2025, with a 9% PIK interest and 9% cash interest. PMC will receive penny warrants for a 5% equity interest in RGF, exercisable until November 20, 2033. The Company's equipment loan terms were also amended to be interest only until May 31, 2024. This refinancing, along with $15.4 million from a recent equity offering, is expected to strengthen RGF's balance sheet and reduce annual cash debt service by $6 million, aiding in the Company's expansion and sustainable growth.