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Spar Group Extends and Modifies Credit Facility

Story Highlights
  • Spar Group manages a secured revolving credit facility in the US and Canada.
  • The Eighth Modification Agreement extended the credit facility to October 2027 and increased credit limits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Spar Group Extends and Modifies Credit Facility

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Spar Group ( (SGRP) ) has shared an announcement.

Spar Group, through its subsidiaries SPAR Marketing Force, Inc. and SPAR Canada Company ULC, has been managing a secured revolving credit facility in the US and Canada with North Mill Capital, LLC since April 2019. The company has undergone several modifications to its credit facility, with the latest being the Eighth Modification Agreement on October 9, 2025, which extended the credit facility’s term to October 10, 2027, increased the US Revolving Credit Facility to $30 million, and the Canadian Revolving Credit Facility to $6 million. This agreement also included waivers for certain financial statement delivery defaults and reaffirmed existing covenants, impacting the company’s financial operations and credit management.

The most recent analyst rating on (SGRP) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on Spar Group stock, see the SGRP Stock Forecast page.

Spark’s Take on SGRP Stock

According to Spark, TipRanks’ AI Analyst, SGRP is a Neutral.

The overall stock score of 45 reflects significant financial challenges, including declining revenues and negative profitability metrics. Technical analysis provides mixed signals, with short-term bearish momentum. Valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events limits further insights.

To see Spark’s full report on SGRP stock, click here.

More about Spar Group

Average Trading Volume: 137,086

Technical Sentiment Signal: Sell

Current Market Cap: $25.11M

For an in-depth examination of SGRP stock, go to TipRanks’ Overview page.

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