---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019105"
form_type: "8-K"
ticker: "XELB"
cik: "0001083220"
company_name: "XCel Brands, Inc."
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:38:26.741840+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Xcel Brands enters Fifth Amendment to loan agreement, commits $500K prepayment, extends closing to Mar 6

## Summary
- Xcel committed to prepay $500,000 on Term Loan A from its blocked account immediately following the Fifth Amendment effective date.
- Liquid asset covenant requirement reduced to $500,000 at all times before full repayment of First Out Obligations.
- Transaction closing date for Specified Asset Sale or Refinancing Alternative extended to March 6, 2026.
- Prepayment is not subject to any prepayment fee, per the amendment.

## SEC filing metadata
- accession: 0001104659-26-019105
- form_type: 8-K
- ticker: XELB
- cik: 0001083220
- company_name: XCel Brands, Inc.
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083220/000110465926019105/0001104659-26-019105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083220/000110465926019105/tm267182d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019105
- JSON: https://secwatch.observer/filing/0001104659-26-019105.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019105.txt

## Source-grounded claims
- claim_id: 3b36b9f958c3189d19c35c8af8c00c9cc329684e
  claim: XCel Brands, Inc. amended term loan with FEAC Agent, LLC.
  evidence_excerpt: On February 20, 2026, Xcel Brands, Inc. (“Xcel”) entered into the Fifth Amendment to Loan and Security Agreement (the “Amendment”), by and among Xcel, the other Credit Parties party thereto, each Lender party thereto under the Loan and Security Agreement dated as of December 12, 2024, and FEAC Agent, LLC, a Delaware limited liability company, as administrative agent and collateral agent for the Lenders (in such capacities, together with its successors and assigns in such capacities, the “Administrative Agent”). Pursuant to the Amendment, (i) the Company committed to make a prepayment of $500,000 on Term Loan A (paid from the Blocked Account (as defined in the Loan and Security Agreement) to the extent there are sufficient funds); (ii) the liquid asset covenant requirement, at all times prior to the repayment in full of the First Out Obligations (as defined in the Loan and Security Agreement), was reduced to $500,000; and (iii) the transaction closing date was extended to March 6, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000110465926019105/0001104659-26-019105-index.htm

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