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Xcel Brands, owner of fine jeweler Judith Ripka as well as fashion brands C. Wonder, Isaac Mizrahi, Logo by Lori Goldstein, Halston, and Highline, has refinanced its credit facility to the tune of $100 million.
The refinancing includes a $25 million term loan under BHI and First Eagle Alternative Credit, and an additional $25 million for acquisitions. A separate loan by First Eagle Alternative Credit will provide an additional $50 million. The loans are subject to lender approval.
Robert W. D’Loren, Xcel Brands’ chairman and CEO, said in a statement that he welcomes the partnership with BHI and First Eagle. “The facilities provide us with an immediate $10 million of liquidity and up to $75 million for future acquisitions,” he said. “We are seeing attractive opportunities that can drive our digital and livestreaming DTC businesses. Timing is perfect for a facility of this nature.”
Xcel Brands Announces $100mm Refinancing and Acquisition Facility
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Xcel Brands Announces $100mm Refinancing and Acquisition Facility
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