{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-005157","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.430228+00:00","generated_at":"2026-06-18T14:00:30.207209+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SPAR Group increases US revolver to $28M, Canadian to CDN$2M in Sixth Modification","bullets":["US revolving credit facility raised to $28M from $17.5M; Canadian facility to CDN$2M from CDN$1.5M.","Interest rate: Prime + 1.90% (min 6.75%); as of Jan 31, 2023, rate was 8.45% on $13.5M outstanding.","Facility fees include $28,000 upfront for US increase and $4,000 for Canadian increase.","Unbilled accounts cap for US borrower raised to $7M from $6.5M; credit facility extended to Oct 10, 2024.","Borrowers paid $28,000 fee for the Sixth Modification; NM Loan Parties were in compliance with covenants as of Dec 31, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-005157","json":"https://secwatch.observer/filing/0001437749-23-005157.json","markdown":"https://secwatch.observer/filing/0001437749-23-005157.md","text":"https://secwatch.observer/filing/0001437749-23-005157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923005157/0001437749-23-005157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923005157/sgrp20230221_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T14:00:30.207209+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b36c6266dfa4bfbb220275a38b6dcfdf93b388d5","claim":"SPAR Group, Inc. amended credit facility of US$28 million and CDN$2 million with North Mill Capital, LLC, d/b/a SLR Business Credit at Prime Rate designated from time to time by Wells Fargo Bank; plus one and nine-t.","evidence_excerpt":"On February 1, 2023, the NM Loan Parties and NM executed and delivered a Sixth Modification Agreement, effective immediately (the \" Sixth Modification Agreement \"), pursuant to which the NM Loan Parties and NM agreed to increase the amount of the US Revolving Credit Facility to US$28 million and increase the Canada Revolving Credit Facility to CDN$2 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774923005157/0001437749-23-005157-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"US$28 million and CDN$2 million"},{"label":"Counterparty","value":"North Mill Capital, LLC, d/b/a SLR Business Credit"},{"label":"Rate","value":"Prime Rate designated from time to time by Wells Fargo Bank; plus one and nine-t"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}