Heritage Global enters USD 10 million revolving credit facility with C3bank

Heritage Global entered a new credit facility with C3bank on Sept. 16, 2026, setting up a USD 10 million revolving line of credit.

• Borrowings are limited to business operations.
• The facility matures on Jan. 16, 2028.
• The variable rate is set at Wall Street Journal prime rate + 1% with a 7.5% annual floor.
• The company must pay an annual unused line fee, payable quarterly, starting Sept. 16, 2026.
• The facility is secured by liens on certain assets, including inventory, accounts, equipment, general intangibles, and pledged subsidiary equity.