RCI Hospitality Holdings Inc. has entered into a new financing arrangement in connection with its repurchase of 821,000 shares of common stock from ADW Capital Partners, L.P. The $30 million transaction was funded through an $8 million cash payment and a $22 million two-year unsecured promissory note bearing interest at 12% per annum. Centennial Bank, a lender to RCI, consented to this additional indebtedness and agreed to temporarily reduce the debt service coverage ratio requirement under RCI's existing loan agreements from 1.40x to 1.25x through June 30, 2026. After that date, the requirement will revert to 1.40x. The promissory note requires equal monthly payments and includes provisions for prepayment in the event of asset sales or a change of control.