Spar group increases its credit facility

Auburn hills, mich., may 04, 2021 (globe newswire) -- spar group, inc. (nasdaq: sgrp), a leading global provider of merchandising and marketing services, announced that it has increased and extended the terms of its current line of credit. under the more favorable terms of the amendment, the maximum amount of the line of credit increased by $2 million to $18 million and the length of the term was extended by 18 months to october 2023. in addition, the minimum interest rate decreased by 150 basis points to 5.25% and facility and early termination fees were substantially reduced.
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