AMERIGUARD SECURITY SERVICES, INC. (AGSS): debt financing — Ameriguard receives default notice on $7M credit line; unable to meet July payroll

AMERIGUARD SECURITY SERVICES, INC.

Received Event of Default notice on $7M revolving credit facility from List Government Receivables Fund, LLC on July 1, 2025.
Outstanding balance $5,845,900; incremental 4.75% interest accrues from June 12, 2025.
Requested $981,816 draw for July 10 payroll denied by lender due to default.
Company states it cannot satisfy July 10, 2025 payroll obligation, materially adversely affecting results.
Default triggered by lender deeming itself insecure under Section 21(e) due to material change in business/financial condition.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERIGUARD SECURITY SERVICES, INC. reported a default on revolving credit of aggregate maximum principal amount of $7,000,000 with List Government Receivables Fund, LLC at U.S. prime rate in effect from time to time (divided by 365) plus 0.0246%.

Instrument: revolving credit
Principal: aggregate maximum principal amount of $7,000,000
Counterparty: List Government Receivables Fund, LLC
Rate: U.S. prime rate in effect from time to time (divided by 365) plus 0.0246%
Event: default

Exact text from the filing

List Government Receivables Fund, LLC (the “Lender”). The Financing Agreement provides for a revolving line of credit for Borrower in the aggregate maximum principal amount of $7,000,000. Amounts advanced accrue interest daily at the U.S. prime rate in effect from time to time (divided by 365) plus 0.0246%. The current outstanding principal balance due is

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AMERIGUARD SECURITY SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-067477

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