Brief: Xcel Brands Inc- On Dec 30, 2021 Co And Units Entered Into Loan And Security Agreement

XCel Brands

06/01/2022 22:10

Jan 6 (Reuters) - Xcel Brands Inc  XELB.O :
    * XCEL BRANDS INC-  ON DEC 30, 2021 CO AND UNITS ENTERED
INTO LOAN
AND SECURITY AGREEMENT
    * XCEL BRANDS INC- UNDER AGREEMENT LENDERS MADE TERM LOAN IN
AGGREGATE AMOUNT OF $29 MILLION
    * XCEL BRANDS INC- UNDER AGREEMENT XCEL MAY REQUEST LENDERS
MAKE
INCREMENTAL TERM LOANS OF UP TO $25 MILLION

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