XS Financial Inc. announced that it has amended and upsized its current $54 million line of credit with Needham Bank ("Credit Facility") to $70 million. All figures are in US Dollars. Loans made under the line of credit will bear interest at an annual rate equal to the Wall Street Journal Prime rate plus 1.0% when the advance rate applied to eligible borrowing base receivables is < 65% and the Wall Street Journal Prime rate plus one and a 1.5% when the advance rate applied to eligible borrowing base receivables is between 65% and 75%.

The amended Credit Facility has an extended term, expiring in June 2027, and may be prepaid with no penalty.