XPEL, Inc. Enters into First Amendment to Its Loan Agreement with Texas Partners Bank
January 03, 2022 at 04:53 pm
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XPEL, Inc. announced on December 29, 2021 that the company entered into the First Amendment to its May 21, 2021 Loan Agreement with Texas Partners Bank (as amended, the “Amended Loan Agreement”). This Amended Loan Agreement increased XPEL's line of credit to $75 million from the original $57 million limit. Other contractual terms originally included in the May 21, 2021 Loan Agreement remain unchanged.
XPEL, Inc. is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and architectural window films, and ceramic coatings. The Company also provides installation services for its products through multiple channels. Paint protection film, its flagship product, is a self-adhesive, clear film designed to be applied to painted surfaces of automobiles and other surfaces. It sells several lines of automotive window films, primarily under the XPEL PRIME brand name. It sells architectural glass solutions for commercial and residential buildings under the VISION brand name, representing its product set with a fully non-automotive use. Its architectural window films come in several categories, including solar, safety and security, and other. It sells a hydrophobic, self-cleaning coating that can be applied to a variety of surface types for automobiles, aircraft and marine applications. It offers a Design Access Platform.
XPEL, INC. 
