Heritage Global Inc. (HGBL) Form 8-K — Sep 22, 2026
On September 16, 2026, Heritage Global Inc. entered into a $10.0 million revolving credit facility with C3bank, National Association, disclosed in an 8-K under Items 1.01 and 2.03. The facility matures January 16, 2028, carries interest at the Wall Street Journal prime rate plus 1.00% (floored at 7.500%), and includes a quarterly-payed annual unused line fee. The loan is secured by substantially all tangible and intangible assets of the Company and a pledge of subsidiary equity, with customary financial and negative covenants restricting additional indebtedness and asset encumbrances.
Key figures
- Debt Amount
- 10000000
- Interest Rate
- Prime + 1.00%, floor 7.500% per annum
- Maturity Date
- January 16, 2028
- Facility Type
- $10.0 million revolving line of credit
- Unused Line Fee
- annual unused line fee payable quarterly in arrears
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.