---
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"
generated_at: "2026-06-01T00:46:03.942114+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XBP Europe completes $48M financing with HSBC, including $33M incremental liquidity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009618
- JSON: https://secwatch.observer/filing/0001558370-24-009618.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009618.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.