XCel Brands signs sixth amendment to loan and security agreement with $500,000 cash collateral transfer authorization

Reuters03-25

XCel Brands signs sixth amendment to loan and security agreement with $500,000 cash collateral transfer authorization

On March 20, 2026, Xcel entered into a sixth amendment to its loan and security agreement with its lenders and FEAC Agent as administrative and collateral agent.
The amendment authorized FEAC Agent to transfer up to USD 500,000 from a blocked account to be held as cash collateral securing obligations under the facility.
FEAC Agent was authorized to apply some or all of the cash collateral to repay Term Loan A or return some or all of it to Xcel, at the lenders’ discretion.
The liquid asset covenant was reduced to USD 500,000 minus any cash collateral used to repay Term Loan A before first-out obligations are repaid in full.
The transaction closing date under the agreement was extended to March 24, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCel Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-033880), on March 24, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCel Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-033880), on March 24, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XELB","symbol_name":"Xcel Brands, Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260324:nNDL65cBQd:1","article_id":"2622013514","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622013514","pubTimestamp":1774383630,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"On March 20, 2026, Xcel entered into a sixth amendment to its loan and security agreement with its lenders and FEAC Agent as administrative and collateral agent.The amendment authorized FEAC Agent to transfer up to USD 500,000 from a blocked account to be held as cash collateral securing obligations under the facility.FEAC Agent was authorized to apply some or all of the cash collateral to repay Term Loan A or return some or all of it to Xcel, at the lenders’ discretion.The liquid asset covenant was reduced to USD 500,000 minus any cash collateral used to repay Term Loan A before first-out obligations are repaid in full.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XCel Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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