secwatch.observer — SEC 8-K summary
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Issuer:     BRAND HOUSE COLLECTIVE, INC. (—)
CIK:        0001056285
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001437749-25-029062
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TBHC secures $20M delayed-draw term loan, sells Kirkland's brand to Beyond for $10M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056285/000143774925029062/0001437749-25-029062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056285/000143774925029062/kirk20250909_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-029062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer