Rocky Mountain Chocolate Factory (RMCF), an international franchisor and producer of premium chocolates and other confectionery products, entered into a new three-year $6 million credit agreement with RMC Credit Facility, an investment entity affiliated with current RMCF board member Steve Craig._x000D_
_x000D_
“This credit facility is a key component of our capital structure, enabling us to invest further in equipment and machinery while funding our growth initiatives,” Jeff Geygan, interim CEO of RMCF, said. “With a strengthened balance sheet and improved liquidity, we are well-positioned to execute our three-year strategic plan and drive RMCF toward sustainable growth and profitability.”_x000D_
_x000D_
The credit facility provides for interest-only payments until the Sept. 30, 2027 maturity date. Borrowings under the credit agreement will bear interest at 12% per annum._x000D_
_x000D_
The company used the proceeds to retire its existing $4 million revolving credit facility, of which $3.45 million was outstanding on Sept. 30, 2024. The remaining balance from the new credit agreement will be used for continued capital investment and working capital needs.





