Xcel Brands refinances credit facility for up to $100 million

By Wendy Van Sickle

Columbus, Ohio, April 15 – Xcel Brands, Inc. entered into a refinancing of its existing credit facility.

The refinancing provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit, LLC and up to an additional $25 million for acquisitions, subject to lender approval; and separately, through First Eagle Alternative Credit, LLC an additional $50 million acquisition facility subject to lender approval, according to a news release.

Based in New York, Xcel Brands is a media and consumer products company engaged in the design, production, marketing, wholesale, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.