---
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"
generated_at: "2026-06-06T16:22:56.322757+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Kirkland's secures $12M FILO term loan with Gordon Brothers to boost liquidity

## Summary
- $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.

## SEC filing metadata
- accession: 0000950170-24-007706
- form_type: 8-K
- cik: 0001056285
- company_name: BRAND HOUSE COLLECTIVE, INC.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-007706
- JSON: https://secwatch.observer/filing/0000950170-24-007706.json
- Plain text: https://secwatch.observer/filing/0000950170-24-007706.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $12 million
  - Counterparty: 1903P Loan Agent, LLC
  - Rate: one-month Term SOFR, plus a margin of 9.50%
  - Maturity: March 31, 2028
  - Event: incurrence
  source text: The FILO Credit Agreement provides for a $12 million "first-in, last-out" delayed-draw asset-based term loan (the "FILO Loan").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Gordon Brothers Group (via an affiliate entity, 1903P Loan Agent, LLC)
  - Value: $12 million
  - Effective: 2024-01-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm
- Material Agreements
  BRAND HOUSE COLLECTIVE, INC. amended Amendment to Existing Credit Facility with Bank of America with Bank of America, N.A. (effective 2024-01-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Effective: 2024-01-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1056285/000095017024007706/0000950170-24-007706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.