XPEL increases revolving credit line to $75M from $57M with Texas Partners Bank

XPEL, Inc.

Revolving line of credit increased from $57M to $75M via First Amendment dated Dec 29, 2021.
Loan is secured by assets of XPEL and subsidiaries (1 One Armor, TintNet) under existing pledge and security agreements.
If XPEL acquires a U.S. domestic subsidiary, it must cause that subsidiary to pledge its assets as additional collateral.
All other terms of the original May 21, 2021 Loan Agreement remain unchanged.

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