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The Real Good Food Company Announces Agreement with Emblem Investments Fund I, LP for $60 Million Term Loan
Contract Type
agreement
Cherry Hill TownshipFood and BeverageHealth CareHospitalityNutritionDescription
The Real Good Food Company, Inc. has amended its existing financing with PMC Financial Services Group, LLC and entered into an agreement with Emblem Investments Fund I, LP for a new term loan of $60 million. The company plans to use $8 million of the proceeds to repay the existing PMC financing and $52 million for general corporate purposes and transaction fees. As part of the agreement, the company issued 19.99% of its outstanding equity to Emblem, indicating alignment with the Company’s focus on long-term value creation.