BRAND HOUSE COLLECTIVE, INC.: debt financing — TBHC secures $20M delayed-draw term loan, sells Kirkland's brand to Beyond for $10M

BRAND HOUSE COLLECTIVE, INC.

New $20M delayed-draw term loan commitments from Bed Bath & Beyond (Beyond) under amended credit agreement with existing lenders.
Sale of Kirkland's brand trademarks and domain names to Beyond for $10M (up from $5M) closed on September 15, 2025.
Kirkland's brand licensed back to TBHC for up to two years for store operations; license expires on rebranding/closure or two years.
Fourth Amendment with Bank of America permits the Beyond loan, adjusts change-of-control ownership threshold to 75%, and releases liens on Kirkland's brand.
Proceeds from the brand sale will be used for general working capital and operating expenses.

item 1.01 item 2.03 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRAND HOUSE COLLECTIVE, INC. incurred term loan of $20 million with Bed Bath & Beyond, Inc. (Beyond).

Instrument: term loan
Principal: $20 million
Counterparty: Bed Bath & Beyond, Inc. (Beyond)
Event: incurrence

Exact text from the filing

new delayed-draw term loan commitments in an aggregate original principal amount of $20 million

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Source: SEC EDGAR

accession 0001437749-25-029062

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