{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-002684","form_type":"8-K","ticker":null,"cik":"0000933738","company_name":"ENGLOBAL CORP","filed_at":"2025-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.865424+00:00","generated_at":"2026-05-24T23:04:43.078066+00:00","sec_items":["1.01","2.03","1.03","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"ENGlobal files Chapter 11 bankruptcy, secures $2.5M DIP financing from Gulf Island Fabrication","bullets":["Filed Chapter 11 petitions on March 5, 2025 in Southern District of Texas Bankruptcy Court (Case No. 25-90083).","Entered DIP Credit Agreement with Gulf Island Fabrication for $2.5M senior secured super priority term loan at 12% interest.","DIP loan proceeds for working capital, fees, and bankruptcy expenses; maturity 6 months after petition or earlier upon sale/plan.","Bankruptcy Court entered interim order authorizing DIP financing on March 6, 2025.","Company warns trading in its securities during Chapter 11 is highly speculative with possible no recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-002684","json":"https://secwatch.observer/filing/0001654954-25-002684.json","markdown":"https://secwatch.observer/filing/0001654954-25-002684.md","text":"https://secwatch.observer/filing/0001654954-25-002684.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/0001654954-25-002684-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/eng_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T23:04:43.078066+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":"dc75df6967ef4979f7305c58e9501b4e7cfc4b2f","claim":"ENGLOBAL CORP incurred credit facility of $2.5 million with Gulf Island Fabrication, Inc. at 12.0% per annum maturing earliest of (a) the date that is six (6) months after the Petition Date; (b) forty-five (45) days after the entry of the Interim Order if the Final Order has no.","evidence_excerpt":"The DIP Credit Agreement provides for a senior secured super priority multiple draw term loan facility in the aggregate principal amount of $2.5 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/0001654954-25-002684-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.5 million"},{"label":"Counterparty","value":"Gulf Island Fabrication, Inc."},{"label":"Rate","value":"12.0% per annum"},{"label":"Maturity","value":"earliest of (a) the date that is six (6) months after the Petition Date; (b) forty-five (45) days after the entry of the Interim Order if the Final Order has no"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"99c90c4b317c5fa4a4e3efeadb7977b1f0196fc5","claim":"ENGLOBAL CORP entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2025-03-05).","evidence_excerpt":"on March 5, 2025 (the \"Petition Date\"), ENGlobal Corporation (the \"Company\") and its direct and indirect domestic subsidiaries","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/0001654954-25-002684-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of Texas, Houston Division"},{"label":"Petition","value":"2025-03-05"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}