Excel Corporation announced that it secured a new $25 million term loan facility through Great American Capital Partners, LLC, a wholly owned subsidiary of B. Riley Financial Inc. The credit facility consists of an initial term loan of $13.5 million, with availability to borrow an additional $11.5 million during the first year of the three year term. Proceeds from the initial loan amount were used to repay all of the company’s existing secured debt, including approximately $8.0 million incurred in connection with the purchase of the U.S. assets of Calpian Inc. in November 2015, as well as for working capital and general corporate purposes.