Rocky Mountain Chocolate Factory signs $6.6 million sale-leaseback of Durango property
Bitget2026/10/06 20:07Rocky Mountain Chocolate Factory signed a USD 6.6 million sale-leaseback for its Durango, Colorado property with American Heritage Legacies. Net proceeds earmarked to repay a USD 6.6 million promissory note carrying 12% annual interest. Lease term set at 10 years, with a 10-year renewal option; first-year rent USD 624,000, rising 2% annually. Deal keeps the Durango site in use as headquarters, production, warehouse; counterparty controlled by Interim CEO Allen Harper’s family. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocky Mountain Chocolate Factory Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610061605PRIMZONEFULLFEED9840741) on October 06, 2026, and is solely responsible for the information contained therein.
- Rocky Mountain Chocolate Factory signed a USD 6.6 million sale-leaseback for its Durango, Colorado property with American Heritage Legacies.
- Net proceeds earmarked to repay a USD 6.6 million promissory note carrying 12% annual interest.
- Lease term set at 10 years, with a 10-year renewal option; first-year rent USD 624,000, rising 2% annually.
- Deal keeps the Durango site in use as headquarters, production, warehouse; counterparty controlled by Interim CEO Allen Harper’s family.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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