XBP Global amends ABL credit agreement; eliminates $7.5M excess availability covenant

XBP Global Holdings, Inc.

Third Amendment to ABL Credit Agreement dated March 6, 2026 eliminates minimum excess availability of $7.5M.
Temporary availability block through June 30, 2026 reduces borrowing capacity if fixed charge coverage ratio below 1.00:1.00.
Advance rate for eligible investment grade billed accounts temporarily increased to 95% through Sept 30, 2026.
Borrowing base calculation adjusted; cash dominion period mechanics amended; deferred revolving loan origination fee reset.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XBP Global Holdings, Inc. amended Limited Waiver and Third Amendment with MidCap Funding IV Trust, as administrative agent, and the lenders party thereto (effective 2026-03-06).

Action: amendment
Agreement: credit facility
Counterparty: MidCap Funding IV Trust, as administrative agent, and the lenders party thereto
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, XBP Americas, LLC (the “Borrower”), the guarantors party thereto, MidCap Funding IV Trust, as administrative agent (the “Agent”), and the lenders party thereto (the “Lenders”) entered into a Limited Waiver and Third Amendment (the “Third Amendment”) to that certain Credit and Security Agreement, dated as of July 29, 2025 (the “ABL Credit Agreement”).

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Source: SEC EDGAR

accession 0001104659-26-027089

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