<a href="https://laohu8.com/S/SGRP">SPAR Group</a> Extends Credit Facility with SLR Business Credit to October 2025, Secures Waiver for Certain Reporting Defaults
SPAR Group Inc. has announced an amendment to its existing secured revolving credit facility with North Mill Capital, LLC, doing business as SLR Business Credit. Through its subsidiaries SPAR Marketing Force, Inc. and SPAR Canada Company ULC, SPAR Group executed the Seventh Modification Agreement, extending the term of the credit facility from October 10, 2024, to October 10, 2025. The agreement maintains the prior credit limits of US$28 million for the U.S. facility and CDN$2 million for the Canadian facility. As part of the amendment, the lender waived certain specified events of default related to delayed financial reporting, contingent upon the company providing the required documents by March 31, 2024. All covenants and security interests under the existing loan agreement remain in effect.
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