--- schema_version: "secwatch.filing_event.v1" accession: "0001767258-26-000043" form_type: "8-K" ticker: "XPEL" cik: "0001767258" company_name: "XPEL, Inc." filed_at: "2026-05-20T12:45:10+00:00" generated_at: "2026-05-20T12:53:19.622215+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # XPEL invests ~$110M in San Antonio facility and China manufacturing; reaffirms 2028 margin targets ## Summary - Acquired 435,000-sq-ft San Antonio site for ~$60.4M; financed with $44.8M building loan (4.7% rate, 10-yr term). - Acquired 75% interest in a China manufacturing facility; total investment ~$110M within prior $75M-$150M range. - Reaffirmed goal of mid-20% operating margins by end-2028 on a run-rate basis. - Expects minimal impact to 2026 EPS; incremental margin contribution from mid-2027. - Over next 12-24 months, will consolidate leased ops facility into new site; XPEL will occupy ~230,000 sq ft. ## SEC filing metadata - accession: 0001767258-26-000043 - form_type: 8-K - ticker: XPEL - cik: 0001767258 - company_name: XPEL, Inc. - filed_at: 2026-05-20T12:45:10+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/xpel-20260515.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001767258-26-000043 - JSON: https://secwatch.observer/filing/0001767258-26-000043.json - Plain text: https://secwatch.observer/filing/0001767258-26-000043.txt ## Key facts - Debt Financings XPEL, Inc. incurred guarantee with PNC Bank, National Association. - Instrument: guarantee - Counterparty: PNC Bank, National Association - Event: incurrence source text: The Company has guaranteed the obligations of Harvest under the Building Loan (the “Guaranty”). evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm - Debt Financings XPEL, Inc. incurred loan of $44,800,000 with PNC Bank, National Association at the Term SOFR Rate plus 125 basis points (1.25%); at closing: 4.7% per annum maturing May 15, 2036 (ten years from the closing date). - Instrument: loan - Principal: $44,800,000 - Counterparty: PNC Bank, National Association - Rate: the Term SOFR Rate plus 125 basis points (1.25%); at closing: 4.7% per annum - Maturity: May 15, 2036 (ten years from the closing date) - Event: incurrence source text: On May 15, 2026, Harvest entered into a loan agreement (the “Building Loan”) with PNC Bank, National Association (the “Lender”), secured by the Properties. The Building Loan has a principal amount of $44,800,000, bears interest at the sum of (A) the Term SOFR Rate in effect on each Reset Date (each as defined in the Note included as Exhibit 10.2) plus (B) 125 basis points (1.25%), matures on May 15, 2036 (ten years from the closing date), and amortizes over a twenty-five (25) year schedule. evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm - M&A Transactions XPEL, Inc. completed an acquisition involving Harvest Venture Holding Company (wholly-owned subsidiary) for approximately $60,400,000 (closed 2026-05-15). - Action: acquisition - Counterparty: Harvest Venture Holding Company (wholly-owned subsidiary) - Consideration: approximately $60,400,000 - Closing: 2026-05-15 source text: had previously assigned its rights under the real estate purchase agreement for the Properties to Harvest. The aggregate purchase price for the Properties was approximately $60,400,000. Building Loan In connection with the Acquisition, on May 15, 2026, Harvest entered into a loan agreement (the “Building Loan”) with PNC Bank, National Association (the evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm - Material Agreements XPEL, Inc. entered into Building Loan with PNC Bank, National Association valued at $44,800,000 principal, interest at Term SOFR + 125 bps (4.7% at closing), matures 2036-05-15, 25-yea (effective 2026-05-15). - Action: entry - Agreement: credit facility - Counterparty: PNC Bank, National Association - Value: $44,800,000 principal, interest at Term SOFR + 125 bps (4.7% at closing), matures 2036-05-15, 25-yea - Effective: 2026-05-15 source text: On May 15, 2026, Harvest entered into a loan agreement (the “Building Loan”) with PNC Bank, National Association (the “Lender”), secured by the Properties. evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm - Material Agreements XPEL, Inc. amended Credit Facility Amendment with Wells Fargo Bank, National Association valued at amendment to existing credit facility, permitting Building Loan indebtedness, guaranty, assignment, (effective 2026-05-15). - Action: amendment - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association - Value: amendment to existing credit facility, permitting Building Loan indebtedness, guaranty, assignment, - Effective: 2026-05-15 source text: On May 15, 2026, the Company entered into an amendment (the “Credit Facility Amendment”) to its existing credit facility with Wells Fargo Bank, National Association (the “Credit Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725826000043/0001767258-26-000043-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.