{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-009618","form_type":"8-K","ticker":"XBP","cik":"0001839530","company_name":"XBP Global Holdings, Inc.","filed_at":"2024-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.646423+00:00","generated_at":"2026-06-01T00:46:03.942114+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"XBP Europe completes $48M financing with HSBC, including $33M incremental liquidity","bullets":["New Facilities Agreement with HSBC: Term Loan A (£3M), Term Loan B (€10.5M), Revolving Credit Facility (£12M), plus accordion up to $18M.","Proceeds used to refinance existing UK subsidiary debt (no penalties) and provide ~$33M incremental liquidity for growth.","Term Loans mature 4 years, RCF matures 3 years with possible 1-year extension at HSBC’s discretion; interest rate reference + 3.25%.","Financial covenants: leverage ratio ≤2.50x (step-downs), interest coverage ≥4.00x, cashflow coverage ≥1.10x.","Existing non-recourse factoring program (€15M) remains unaffected."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-009618","json":"https://secwatch.observer/filing/0001558370-24-009618.json","markdown":"https://secwatch.observer/filing/0001558370-24-009618.md","text":"https://secwatch.observer/filing/0001558370-24-009618.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839530/000155837024009618/0001558370-24-009618-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839530/000155837024009618/xbp-20240626x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:46:03.942114+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"}