Noble Roman's Announces Corbel Loan Extension; Announces Continued Franchise Growth in January
Noble Roman's (OTCQB:NROM) has secured a 60-day extension of its senior lending facility with Corbel Capital Partners until April 7, 2025. The extension aims to provide time to secure optimal terms for the company's financial restructuring, including the repayment of both Corbel loan and subordinated debt.
The company reports a strong start to 2025 in its non-traditional franchising segment, particularly in convenience stores, with new units both sold and opened in January. This performance is notable as Q1 typically experiences slower convenience store franchise growth. Based on this early momentum, Noble Roman's expresses optimism about matching or exceeding its 2024 unit growth figures.
Noble Roman's (OTCQB:NROM) ha ottenuto un'estensione di 60 giorni della sua linea di credito senior con Corbel Capital Partners fino al 7 aprile 2025. L'estensione mira a fornire tempo per ottenere condizioni ottimali per la ristrutturazione finanziaria dell'azienda, inclusa la restituzione sia del prestito di Corbel che del debito subordinato.
L'azienda riporta un inizio forte per il 2025 nel suo segmento di franchising non tradizionale, in particolare nei negozi di convenienza, con nuove unità sia vendute che aperte a gennaio. Questa performance è notevole poiché il primo trimestre solitamente registra una crescita più lenta nel franchising dei negozi di convenienza. Sulla base di questo slancio iniziale, Noble Roman's esprime ottimismo nel raggiungere o superare i dati di crescita delle unità del 2024.
Noble Roman's (OTCQB:NROM) ha asegurado una extensión de 60 días de su línea de crédito senior con Corbel Capital Partners hasta el 7 de abril de 2025. La extensión tiene como objetivo proporcionar tiempo para asegurar condiciones óptimas para la reestructuración financiera de la empresa, incluyendo el reembolso tanto del préstamo de Corbel como de la deuda subordinada.
La empresa informa un fuerte comienzo para 2025 en su segmento de franquicias no tradicionales, particularmente en tiendas de conveniencia, con nuevas unidades vendidas y abiertas en enero. Este rendimiento es notable ya que el primer trimestre suele experimentar un crecimiento más lento en las franquicias de tiendas de conveniencia. Basándose en este impulso inicial, Noble Roman's expresa optimismo sobre igualar o superar sus cifras de crecimiento de unidades de 2024.
Noble Roman's (OTCQB:NROM)는 Corbel Capital Partners와의 선순위 대출 시설의 60일 연장을 확보하였으며, 이는 2025년 4월 7일까지 유효합니다. 이번 연장은 회사의 재무 구조 조정에 대한 최적의 조건을 확보하고, Corbel 대출 및 후순위 부채 상환을 포함하는 시간을 제공하기 위한 것입니다.
회사는 비전통적인 프랜차이즈 부문, 특히 편의점에서 2025년의 강력한 출발을 보고하였고, 1월에 새로 판매 및 개장된 유닛이 있었습니다. 이 성과는 1분기가 보통 편의점 프랜차이즈 성장률이 느린 기간임을 고려할 때 주목할 만합니다. 이러한 초기 모멘텀을 바탕으로 Noble Roman's는 2024년 유닛 성장 수치에 부합하거나 이를 초과할 것이라는 낙관적인 입장을 나타냈습니다.
Noble Roman's (OTCQB:NROM) a obtenu une extension de 60 jours de sa facilité de prêt senior avec Corbel Capital Partners jusqu'au 7 avril 2025. Cette extension vise à fournir du temps pour garantir des conditions optimales pour la restructuration financière de l'entreprise, y compris le remboursement du prêt Corbel et de la dette subordonnée.
L'entreprise fait état d'un bon démarrage en 2025 dans son segment de franchise non traditionnel, en particulier dans les dépanneurs, avec de nouvelles unités à la fois vendues et ouvertes en janvier. Cette performance est remarquable car le premier trimestre connaît généralement une croissance plus lente des franchises de dépanneurs. Sur la base de cet élan initial, Noble Roman's exprime un optimisme quant à la possibilité d'atteindre ou de dépasser ses chiffres de croissance des unités de 2024.
Noble Roman's (OTCQB:NROM) hat eine 60-tägige Verlängerung seiner senioren Kreditfazilität bei Corbel Capital Partners bis zum 7. April 2025 gesichert. Die Verlängerung zielt darauf ab, Zeit zu schaffen, um optimale Bedingungen für die finanzielle Restrukturierung des Unternehmens zu sichern, einschließlich der Rückzahlung sowohl des Corbel-Darlehens als auch der nachrangigen Schulden.
Das Unternehmen berichtet von einem starken Start ins Jahr 2025 in seinem nicht-traditionellen Franchise-Segment, insbesondere im Bereich der Convenience Stores, mit neuen Einheiten, die im Januar verkauft und eröffnet wurden. Diese Leistung ist bemerkenswert, da das erste Quartal typischerweise ein langsameres Wachstum bei Convenience Store-Franchises erlebt. Basierend auf diesem frühen Schwung äußert Noble Roman's Optimismus, die Wachstumszahlen der Einheiten von 2024 zu erreichen oder zu übertreffen.
- Secured 60-day extension on senior lending facility
- Strong start in non-traditional franchising with new units sold and opened in January
- Potential to match or exceed 2024's unit growth
- Requires financial restructuring including debt repayment
- Ongoing need to refinance both senior and subordinated debt
INDIANAPOLIS, IN / ACCESS Newswire / January 30, 2025 / Noble Roman's, Inc. (OTCQB:NROM), the Indianapolis based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, announced today that the company and Corbel Capital Partners had entered into an agreement to extend the company's senior lending facility by 60 days to April 7, 2025. Both parties recognize it is in the best interest of all equity stakeholders to secure the best possible terms for the financial restructuring of the company, including the repayment of the Corbel loan and the subordinated debt as well as for other company purposes. The company continues to remain in close conversation with interested parties and remains optimistic that such terms are obtainable within the extended timeframe.
The company also announced that the growth of its non-traditional franchising in convenience stores was off to a good start in January, with both new units sold and new units opened. Historically, the first quarter has been slower for convenience store franchise growth since the early winter months are slower periods of business activity for convenience store operators. With the solid start to 2025, the company remains optimistic that it can match or exceed the significant unit growth experienced in 2024.
The statements contained in this press release concerning the company's future revenues, profitability, financial resources, market demand and product development are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to the company that are based on the beliefs of the management of the company, as well as assumptions and estimates made by and information currently available to the company's management. The company's actual results in the future may differ materially from those indicated by the forward-looking statements due to risks and uncertainties that exist in the company's operations and business environment, including, but not limited to the ability of franchisees to timely prepare their units for scheduled openings, the company's ability to maintain adequate staff for new openings, competitive factors and pricing and cost pressures, non-renewal of franchise agreements or the openings contemplated by the development agreement not occurring, shifts in market demand, the success of franchise programs, including the Noble Roman's Craft Pizza & Pub format, general economic conditions, changes in demand for the company's products or franchises, the company's ability to service and refinance its loans, the impact of franchise regulation, the success or failure of individual franchisees and inflation, other changes in prices or supplies of food ingredients and labor and, as well as the factors discussed under "Risk Factors" contained in this company's Annual Report on Form 10-K for the year ended December 31, 2023. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended. If activist stockholder activities ensue, the company's business could be adversely impacted.
FOR ADDITIONAL INFORMATION, CONTACT:
For Media Information: Scott Mobley, President & CEO (smobley@nobleromans.com)
For Investor Relations: Paul Mobley, Executive Chairman (pmobley@nobleromans.com)
Mike Cole, Investor Relations: 949-444-1341 (mike.cole@armaadvisoryservices.com)
SOURCE: Noble Romans, Inc.
View the original press release on ACCESS Newswire
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