Heritage Global enters USD 10 million revolving credit facility with C3bank
Bitget2026/09/22 20:00- Heritage Global entered a new credit facility with C3bank on Sept. 16, 2026, setting up a USD 10 million revolving line of credit.
- Borrowings limited to business operations; facility matures on Jan. 16, 2028.
- Variable rate set at Wall Street Journal prime rate + 1% with a 7.5% annual floor.
- Requires an annual unused line fee, payable quarterly, starting Sept. 16, 2026.
- Secured by liens on certain assets, including inventory, accounts, equipment, general intangibles, and pledged subsidiary equity.
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