What amount of financing costs associated with the unfunded commitment associated with the New Money Loans did Checkersrallys amortize for the fiscal year ended December 31, 2024 (Successor)?

According to Checkersrallys's 2025 Franchise Disclosure Document, for the fiscal year ended December 31, 2024 (Successor), the company amortized $0.2 million of financing costs associated with the unfunded commitment associated with the New Money Loans. This amortization is part of the overall accounting treatment for the New Money Loans, where Checkersrallys funded $10 million out of a total $25 million commitment and had to pay lenders' costs of $1.3 million.

The financing costs were allocated proportionally between the funded and unfunded components of the loan. The portion allocated to the funded balance was recorded as a reduction to long-term debt, while the portion allocated to the unfunded balance was recorded as a deferred financing cost asset. As of December 30, 2024, the balance of these deferred financing costs associated with the unfunded balance was $0.5 million.

This amortization expense represents the portion of the deferred financing costs that Checkersrallys recognized as an expense during the fiscal year. For a prospective franchisee, understanding these financing arrangements and how Checkersrallys manages its debt is crucial for assessing the financial stability and overall health of the company. It also provides insight into how the company accounts for its financial obligations and manages its assets.