Xcel Brands amends loan pact; posts $500K cash collateral, eases liquidity covenant to $0

XCel Brands, Inc.

Amended credit agreement to transfer up to $500K from Blocked Account to cash collateral securing obligations.
Liquid asset covenant reduced to $500K less applied collateral prior to First Out repayment, then $0.
Transaction closing deadline extended to March 24, 2026.
Amendment dated March 20, 2026, with lenders including First Eagle funds (FEAC Agent, LLC).

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