---
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"
generated_at: "2026-05-24T23:04:43.078066+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# ENGlobal files Chapter 11 bankruptcy, secures $2.5M DIP financing from Gulf Island Fabrication

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-002684
- form_type: 8-K
- cik: 0000933738
- company_name: ENGLOBAL CORP
- filed_at: 2025-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 1.03, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-002684
- JSON: https://secwatch.observer/filing/0001654954-25-002684.json
- Plain text: https://secwatch.observer/filing/0001654954-25-002684.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $2.5 million
  - Counterparty: Gulf Island Fabrication, Inc.
  - Rate: 12.0% per annum
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/0001654954-25-002684-index.htm
- Distress & Bankruptcy
  ENGLOBAL CORP entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2025-03-05).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
  - Petition: 2025-03-05
  source text: on March 5, 2025 (the "Petition Date"), ENGlobal Corporation (the "Company") and its direct and indirect domestic subsidiaries
  evidence_url: https://www.sec.gov/Archives/edgar/data/933738/000165495425002684/0001654954-25-002684-index.htm

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