XPEL, Inc. (XPEL): debt financing — XPEL extends credit facility maturity to Sept 2028; $125M revolver unchanged

XPEL, Inc.

Maturity extended from April 2026 to September 11, 2028 via First Amendment.
Revolving credit facility remains at $125 million aggregate commitment.
Interest rate options unchanged: Base Rate or Adjusted Term SOFR plus applicable margin.
Financial covenants unchanged: max Consolidated Total Leverage Ratio 3.50x, min Interest Coverage 3.00x.
No defaults existed at amendment; borrower ratified all obligations.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

XPEL, Inc. amended revolving credit of $125 million with Wells Fargo Bank, N.A., as Administrative Agent at Base Rate or Adjusted Term SOFR, plus an applicable margin ranging from 0.00% to maturing September 11, 2028.

Instrument: revolving credit
Principal: $125 million
Counterparty: Wells Fargo Bank, N.A., as Administrative Agent
Rate: Base Rate or Adjusted Term SOFR, plus an applicable margin ranging from 0.00% to
Maturity: September 11, 2028
Event: amendment

Exact text from the filing

of the Credit Agreement from April 6, 2026 to September 11, 2028. The Credit Agreement provides for secured revolving loans and letters of credit in an aggregate amount of up to $125 million. Borrowings under the Credit Agreement bear interest, at XPEL’s option, at a rate equal to either (a) Base Rate or (b) Adjusted Term SOFR. In addition to the applicable interest

View on SEC.gov

Browse all debt financings →

XPEL, Inc. filing history →

Source: SEC EDGAR

accession 0001767258-25-000054

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.