debt
confidence high
sentiment neutral
materiality 0.50
Heritage Global secures $10M revolving credit facility with C3bank, maturing Jan 2028
Heritage Global Inc.
- New $10.0M revolving line of credit from C3bank, National Association, entered Sept 16, 2026.
- Interest rate is prime plus 1.00% with a 7.500% per annum floor; maturity Jan 16, 2028.
- Facility secured by assets and equity pledges of subsidiaries; includes unused line fee payable quarterly.
- Proceeds restricted to business operations; customary affirmative and negative covenants apply.