{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-000100","form_type":"8-K","ticker":"XELB","cik":"0001083220","company_name":"XCel Brands, Inc.","filed_at":"2022-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.364410+00:00","generated_at":"2026-06-27T20:04:29.229715+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Xcel Brands enters $29M loan agreement with FEAC, LIBOR+7.5%, matures April 2025","bullets":["Borrowed $29M term loan from FEAC-led lenders to refinance existing debt and for working capital/acquisitions.","Interest at LIBOR+7.5% per annum; quarterly principal payments of $625k start March 31, 2022, maturity April 14, 2025.","Covenants: min liquid assets $2.5-3M, fixed charge coverage >=1.00x, loan-to-value <=50%, min revenues stepping to $25M.","Lenders granted right of first offer on future acquisitions financed by non-cash consideration.","Loan secured by all assets of Xcel and nine subsidiary guarantors."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-000100","json":"https://secwatch.observer/filing/0001558370-22-000100.json","markdown":"https://secwatch.observer/filing/0001558370-22-000100.md","text":"https://secwatch.observer/filing/0001558370-22-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083220/000155837022000100/0001558370-22-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083220/000155837022000100/xelb-20211230x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T20:04:29.229715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}