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.
The loan is secured by 11 properties, most of them acquired for
cash as part of recent acquisitions.
Eric 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."
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.