MamaMancini's Holdings, Inc. announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR. Previously, MamaMancini’s maintained an undrawn $4.5 million working capital credit facility that can be drawn through June 2023 – with the additional $6.0 million expansion provided for the purpose of acquisition financing, which can be drawn through early August 2023 with a maturity date of 60 months from the date of draw down. Any proposed acquisition will need the approval of M&T bank to utilize this funding. Additional funding may be available depending upon the financing needs of a proposed acquisition.