Recipe Unlimited Corporation announced the renewal of its $550,000,000 revolving term credit facility. The renewal extends the maturity date by three years, including a $150 million tranche that now matures on May 1, 2025, and a $400 million tranche that now matures on May 3, 2027. The existing accordion feature of up to $250 million was also renewed.

Notwithstanding the COVID-19 pandemic and ongoing impact on the restaurant industry, other terms of the renewed revolving term credit facility are substantially unchanged from the Company's prior credit facility which was established in May 2019.