secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Global Inc. (HGBL)
CIK:        0000849145
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000950170-25-018808
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Global subsidiary obtains $4.1M mortgage to buy corporate headquarters property
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- Heritage Nancy Ridge, subsidiary of Heritage Global, entered $4.1M term loan with C3bank, maturing Feb 2035.
- Interest fixed at 6.500% for first 3 years, then variable based on 1M Term SOFR + 2.250%.
- Prepayment fees: 3% in year 1, 2% in year 2, 1% in year 3 of amount prepaid.
- Loan proceeds to purchase 6130 Nancy Ridge Drive property for future corporate HQ and warehouse/office.
- Heritage Global Inc. is guarantor; loan secured by the property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849145/000095017025018808/0000950170-25-018808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849145/000095017025018808/hgbl-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-018808

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