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Xcel Brands Announces $100 Million Refinancing


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Xcel Brands, owner of fine jeweler Judith Ripka as well as fashion brands C. Wonder, Isaac Mizrahi, Logo by Lori Goldstein, Halston, and Highline, has refinanced its credit facility to the tune of $100 million.
The refinancing includes a $25 million term loan under BHI and First Eagle Alternative Credit, and an additional $25 million for acquisitions. A separate loan by First Eagle Alternative Credit will provide an additional $50 million. The loans are subject to lender approval.
Robert W. D’Loren, Xcel Brands’ chairman and CEO, said in a statement that he welcomes the partnership with BHI and First Eagle. “The facilities provide us with an immediate $10 million of liquidity and up to $75 million for future acquisitions,” he said. “We are seeing attractive opportunities that can drive our digital and livestreaming DTC businesses. Timing is perfect for a facility of this nature.” ....

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Xcel Brands Acquires LOGO by Lori Goldstein


Xcel Brands Acquires LOGO by Lori Goldstein
Leading Fashion Brand Presents Significant Growth Opportunities for Xcel Brands
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NEW YORK, April 5, 2021 /PRNewswire/
Xcel Brands, Inc. (NASDAQ: XELB) today announced it has entered into an agreement to acquire the
Lori Goldstein brands, including LOGO™ by Lori Goldstein. The acquisition focuses on growing the popular brand through a multi-channel approach including Live streaming, e-commerce and global direct-response television networks, and expanding the business into new products and categories.
Designed to bring style to the masses, LOGO by Lori Goldstein launched in 2009 and has been profitable since inception. Boasting more than $1.5 billion in historical retail sales, the brand offers multiple categories such as casual womenswear, outerwear, eyewear, jewelry and activewear. ....

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