Noble Roman's, Inc. announced that it has entered into an agreement with Corbel Capital Partners to extend its senior lending facility by 60 days. The new maturity date for the facility is now April 7, 2025.
This short-term extension provides the company with additional time to work towards a comprehensive financial restructuring. Both parties recognize the importance of securing the best possible terms for the repayment of the Corbel loan and the subordinated debt.
The company is actively pursuing new financing options to address its outstanding debt obligations. This extension is a crucial step in managing its capital structure and ensuring financial flexibility.
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