Heritage Global refinances largest borrower's obligations, extends maturities

Heritage Global Inc.

On Nov 28, 2023, Heritage Global reached a refinancing agreement with its largest borrower.
The refinancing covers obligations owed to Heritage's specialty lending business unit.
Key modifications include an extension of the maturity dates of the borrower's obligations.
The need to address a credit agreement amendment request was previously disclosed on Nov 9, 2023.
No financial terms or specific monetary impact were disclosed in the filing.

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