Real Good Food falls after debt refinancing agreement

Real Good Food

21/11/2023 17:30

** Shares of frozen food maker Real Good Food Co  RGF.O   
down 2.7% at $1.83
    ** Co enters into a second lien loan agreement worth $45 mln
with PMC Financial Services Group, its lender since 2016
    ** New loan will pay down $20 mln of existing term loans and
a portion of co's existing revolving credit facility 
        ** Co says the debt refinancing agreement is expected to
enhance its liquidity position by up to $15 mln
    ** YTD RGF's stock down ~72.40%

 (Reporting by Judes Joseph in Bengaluru)
 ((judes.joseph@thomsonreuters.com;))