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XELB - XCEl Brands enters $100M refinancing and acquisition facility
Xcel Brands Inc
Xcel Brands (XELB) enters into a refinancing of its existing credit facility.The refinancing provides an initial $25M term loan under a facility jointly provided by BHI and First Eagle Alternative Credit and up to an additional $25M for acquisitions; and separately, through First Eagle Alternative Credit an additional $50M acquisition facility.