Business
RCI Announces Closing of $18.7 Million Bank Real Estate Loan
HOUSTON, Jan. 26, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the closing of an $18.74 million, 5.25% fixed rate, 10-year
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, Jan. 26, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the closing of an $18.74 million, 5.25% fixed rate, 10-year commercial bank real estate loan (subject to one adjustment in five years), with a 20-year amortization schedule.\n\n \n \n \n \n \n \n\n \nThe loan is secured by 11 properties, most of them acquired for cash as part of recent acquisitions.\nEric Langan, President & CEO of RCI Hospitality Holdings, Inc., said, \"We're pleased to execute this loan, which provides additional funds for working capital, at favorable commercial bank rates and terms.\"\nMedia & Investor Contacts\nGary Fishman and Steven Anreder at 212-532-3232 or [email protected] and [email protected]\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/rci-announces-closing-of-18-7-million-bank-real-estate-loan-301468614.html\nSOURCE RCI Hospitality Holdings, Inc.","length":2470,"tagName":"div"}]