{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-005027","form_type":"8-K","ticker":null,"cik":"0000933738","company_name":"ENGLOBAL CORP","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.544900+00:00","generated_at":"2026-06-03T09:06:03.116932+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":"ENGlobal amends credit agreement with related-party lender; extends term loans to July 2025, adds $1M revolver","bullets":["Modifies existing $1.2M term loans: maturity extended to July 2, 2025, interest rate reduced from 8.5% to 8.0%.","Adds a revolving credit line up to $1M (subject to borrowing base of 95% eligible receivables) at 12.0% interest.","Accrued unpaid interest (~$72K) and origination fees ($6K) added to term loan principal on closing.","Lender Alliance 2000, Ltd. is controlled by CEO William A. Coskey; transaction approved by Audit Committee and disinterested board members.","Mandatory prepayment of term loans if equity or debt capital raised exceeds $2M; revolving credit secured by receivables."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-005027","json":"https://secwatch.observer/filing/0001654954-24-005027.json","markdown":"https://secwatch.observer/filing/0001654954-24-005027.md","text":"https://secwatch.observer/filing/0001654954-24-005027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933738/000165495424005027/0001654954-24-005027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933738/000165495424005027/eng_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:06:03.116932+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":"aa4a07924486be72352f171639a6e9c6a044860a","claim":"ENGLOBAL CORP entered into Amended and Restated Credit Agreement with Alliance 2000, Ltd. valued at $1,200,000 term loans; $1,000,000 revolving credit facility (effective 2024-04-24).","evidence_excerpt":"On April 24, 2024 (the “ Closing Date ”), ENGlobal Corporation, a Nevada corporation (the “ Company ”), entered into an Amended and Restated Credit Agreement (the “ Credit Agreement ”) with Alliance 2000, Ltd., a Texas limited partnership (“ Lender ”), pursuant to which the parties amended and restated the Credit Agreement dated June 15, 2023 (the “ Original Credit Agreement ”), between the Company and the Lender to, among other things, (i) modify the existing term loans in the aggregate original principal amount of $1,200,000 (the “ Term Loans ”) to (a) extend the maturity date to July 2, 2025, and (b) reduce the applicable interest rate from 8.5% to 8.0% per annum, and (ii) provide a revolving credit facility (the “ Line of Credit ”) of up to the lesser of (a) the Borrowing Base (as defined below) and (b) $1,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/933738/000165495424005027/0001654954-24-005027-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Alliance 2000, Ltd."},{"label":"Value","value":"$1,200,000 term loans; $1,000,000 revolving credit facility"},{"label":"Effective","value":"2024-04-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}