---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-031161"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2025-10-16T23:59:59+00:00"
generated_at: "2026-05-17T03:29:49.185245+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-031161
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2025-10-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774925031161/0001437749-25-031161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774925031161/sgrp20251015_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-031161
- JSON: https://secwatch.observer/filing/0001437749-25-031161.json
- Plain text: https://secwatch.observer/filing/0001437749-25-031161.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.