secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Global Inc. (HGBL)
CIK:        0000849145
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0000950170-23-025679
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Global amends $10M revolver and adds $7M term loan with C3bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/0000950170-23-025679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849145/000095017023025679/hgbl_8-k_c3_credit_facil.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025679

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