The Real Good Food Company Announces Debt Refinancing Transactions With PMC Financial Services And Emblem Investments Fund I, LP For A New Term Loan Of $60M
Portfolio Pulse from Benzinga Newsdesk
The Real Good Food Company (NASDAQ:RGF) has secured a $60 million term loan from Emblem Investments and PMC Financial Services. This refinancing will enhance liquidity, support manufacturing expansion, and drive long-term growth. Emblem also received 19.99% equity in the form of Class C Units.
September 26, 2024 | 8:11 pm
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The Real Good Food Company has secured a $60 million loan to enhance liquidity and support growth initiatives. This includes expanding manufacturing capabilities and issuing 19.99% equity to Emblem Investments, aligning with long-term value creation.
The $60 million loan provides significant liquidity, allowing RGF to repay existing debt and invest in growth initiatives. The equity issuance to Emblem aligns with long-term value creation, likely boosting investor confidence and positively impacting the stock price.
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