Xcel Brands Ups Its Buying Power
By Vivian in Business
Updated 3 years ago
Xcel Brands Inc. has refinanced its existing credit facility providing additional wherewithal for future acquisitions. The refinancing, revealed Friday evening, provides an initial $25 million term loan under a facility jointly provided by BHI and First Eagle Alternative Credit LLC, and up to another $25 million for acquisitions, subject to lender approval.