{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-007706","form_type":"8-K","ticker":null,"cik":"0001056285","company_name":"BRAND HOUSE COLLECTIVE, INC.","filed_at":"2024-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.245908+00:00","generated_at":"2026-06-06T16:22:56.322757+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Kirkland's secures $12M FILO term loan with Gordon Brothers to boost liquidity","bullets":["$12M first-in-last-out asset-based delayed-draw term loan with Gordon Brothers Group.","Subordinated to existing $90M revolving credit facility; initial $5M must be drawn by April 1, 2024.","Combined credit availability ~$21.5M; interest rate Term SOFR + 9.5% initially, 11.5% after adjustment.","Facility matures March 31, 2028, coterminous with existing revolver; proceeds for working capital.","CFO says additional capital supports strategic repositioning efforts."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-007706","json":"https://secwatch.observer/filing/0000950170-24-007706.json","markdown":"https://secwatch.observer/filing/0000950170-24-007706.md","text":"https://secwatch.observer/filing/0000950170-24-007706.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/kirk-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:22:56.322757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"91c5ef3982963e3d13b37564e220e32271046d2a","claim":"BRAND HOUSE COLLECTIVE, INC. incurred term loan of $12 million with 1903P Loan Agent, LLC at one-month Term SOFR, plus a margin of 9.50% maturing March 31, 2028.","evidence_excerpt":"The FILO Credit Agreement provides for a $12 million \"first-in, last-out\" delayed-draw asset-based term loan (the \"FILO Loan\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$12 million"},{"label":"Counterparty","value":"1903P Loan Agent, LLC"},{"label":"Rate","value":"one-month Term SOFR, plus a margin of 9.50%"},{"label":"Maturity","value":"March 31, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a3b7f74cdff1e733fa9c6b2daaae56ae004fae2e","claim":"BRAND HOUSE COLLECTIVE, INC. entered into FILO Credit Agreement with Gordon Brothers Group (via an affiliate entity, 1903P Loan Agent, LLC) valued at $12 million (effective 2024-01-25).","evidence_excerpt":"On January 25, 2024, Kirkland’s, Inc. (the “Company”), entered into a Term Loan Credit Agreement (the “FILO Credit Agreement”), by and among the Company, which together with one of its subsidiaries, serves as a guarantor thereunder, the remaining of the Company’s subsidiaries as borrowers (the “Borrowers”), and Gordon Brothers Group (the “FILO Lender”), via an affiliate entity, 1903P Loan Agent, LLC, as administrative agent and lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Gordon Brothers Group (via an affiliate entity, 1903P Loan Agent, LLC)"},{"label":"Value","value":"$12 million"},{"label":"Effective","value":"2024-01-25"}],"fact_type":"material_agreement"},{"claim_id":"cf6a2e58a03e9b8b6e0f12369364fe23076c86b1","claim":"BRAND HOUSE COLLECTIVE, INC. amended Amendment to Existing Credit Facility with Bank of America with Bank of America, N.A. (effective 2024-01-25).","evidence_excerpt":"Also on January 25, 2024, the Company entered into an amendment with Bank of America to its Existing Credit Facility to permit the FILO Loan.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Effective","value":"2024-01-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}