secwatch.observer — SEC 8-K summary
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Issuer:     SPAR Group, Inc. (SGRP)
CIK:        0001004989
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0001437749-25-031161
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004989/000143774925031161/0001437749-25-031161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004989/000143774925031161/sgrp20251015_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-031161

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer