SPAR Group extends credit facility to Oct 2027, increases US revolver to $30M, waives defaults

SPAR Group, Inc.

Term extended from Oct 2025 to Oct 2027; US revolver increased from $28M to $30M; Canadian facility increased to US$6M.
Unbilled accounts cap raised to $15M (US) and $2M (Canada) from $7M and CDN$800K.
Lender waived defaults for late July/Aug 2025 financials and unauthorized Canadian credit card debt/lien.
Interest rate remains Prime + 1.25% with 6.75% floor; facility fee of 0.60% on benchmark amounts.
Borrowers reaffirmed covenants and representations; post-closing conditions to address RBC lien.

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