{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-025679","form_type":"8-K","ticker":"HGBL","cik":"0000849145","company_name":"Heritage Global Inc.","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.427132+00:00","generated_at":"2026-06-14T10:03:04.027190+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Heritage Global amends $10M revolver and adds $7M term loan with C3bank","bullets":["Amended $10M revolver matures Oct 27, 2024; interest rate is prime + 1.00% (floor 6.75%).","New $7.0M term loan matures Apr 27, 2028; interest rate is prime + 0.25%.","Both facilities secured by assets and subsidiary equity; term loan also secured by East Lyme, CT building.","Unused line fee on revolver applies if average balance below $5M; prepayment fee on term loan in first year.","Proceeds from both facilities to be used for business operations."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-025679","json":"https://secwatch.observer/filing/0000950170-23-025679.json","markdown":"https://secwatch.observer/filing/0000950170-23-025679.md","text":"https://secwatch.observer/filing/0000950170-23-025679.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/0000950170-23-025679-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/hgbl_8-k_c3_credit_facil.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:03:04.027190+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da2d6a72f7e37a53052efaf0cd3142bf47f057f3","claim":"Heritage Global Inc. amended revolving credit of $10.0 million revolving line of credit with C3bank, National Association at prime rate plus a margin of 1.00% (such rate not to be less than 6.750% per annu maturing October 27, 2024.","evidence_excerpt":"agreement and agreement to provide insurance (the “ 2021 Credit Facility ” and, together the Amended Credit Facility, the “ Amended Credit Facility ”) with the Lender for a $10.0 million revolving line of credit. The Company is permitted to use the proceeds of the Amended Credit Facility solely for its business operations. The Amended Credit Facility extends the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/0000950170-23-025679-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10.0 million revolving line of credit"},{"label":"Counterparty","value":"C3bank, National Association"},{"label":"Rate","value":"prime rate plus a margin of 1.00% (such rate not to be less than 6.750% per annu"},{"label":"Maturity","value":"October 27, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"e10317403a36065a53021e7d9dede4504ce19d66","claim":"Heritage Global Inc. incurred term loan of $7.0 million term loan with C3bank, National Association at prime rate plus a margin of 0.250% maturing April 27, 2028.","evidence_excerpt":"The New Credit Facility, provides for a new $7.0 million term loan (the \"New Term Loan; the New Credit Facility and the New Term Loan, the “ New Credit Facility ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/0000950170-23-025679-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$7.0 million term loan"},{"label":"Counterparty","value":"C3bank, National Association"},{"label":"Rate","value":"prime rate plus a margin of 0.250%"},{"label":"Maturity","value":"April 27, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}