Ann: RFG Extends Debt Facilities, page-28

Just incredible: last week knockers were banging on about how RFG's loans aren't likely to be renewed, and when they are (miracle! Helloooo - it's the cash flow, stupid), they bang on about the term, or the interest rate, or the conditions, or whatever else they can scrape up with their cynicism!

No, the debts weren't extended by 18 months, they were extended to Jan and Dec of 2020. No, they didn't have to "borrow more to pay for it". In fact RFG knocked off $25m off existing 2020 debt.

Some people just don't get it. There's public perception and then there is reality. Many think that public perception means the company is failing, whereas lenders (big banks btw, not secondary debt markets) see the long, fast, and deep river of cash flow and make fact based business decisions. Even with the negative press around some failing franchisees, a failure rate way below the general small business failure rate, the vast majority of the business is doing ok, and in many cases extremely well.