Debt Financings

COMMERCIAL METALS Co amended revolving credit of from $600.0 million to $1.0 billion with Bank of America, N.A., as Administrative Agent maturing from October 26, 2029 to December 17, 2030.

“The Third Amendment (i) increases the borrowing capacity under the Revolving Credit Facility from $600.0 million to $1.0 billion, (ii) extends the maturity date of the Revolving Credit Facility from October 26, 2029 to December 17, 2030”

ManpowerGroup Inc. incurred senior notes of €500 million aggregate principal amount with Citibank, N.A., London Branch, as Fiscal and Principal Paying Agent, Transfer Agent and Registrar at 3.750% maturing December 13, 2030.

“On December 15, 2025, the Company offered and sold €500 million aggregate principal amount of the Company’s 3.750% notes due December 13, 2030 (the “Notes”).”

INSPERITY, INC. amended revolving credit of from $650 million to $750 million with Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent, and certain financial institutions, as lenders maturing December 15, 2028.

“On December 15, 2025 , Insperity, Inc. (the “Company”) entered into the Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”) with Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent, and certain financial institutions, as lenders. The Eighth Amendment amends the Company’s existing Amended and Restated Credit Agreement,dated as of February 6, 2018 (as amended, amended and restated, supplemented or otherwise modified to date), to, among other things, (i) increase the aggregate principal amount that the Company may borrow under the revolving credit facility thereunder (the “Facility”) from $650 million to $750 million, (ii) increase the aggregate principal amount to which the Facility may be increased, subject to certain terms and conditions, from $700 million to $800 million, (iii) extend the maturity date of the Facility to December 15, 2028, (iv) increase the Maximum Leverage Ratio (as defined therein) financial covenant from 3.00 to 3.75 an”

WINTRUST FINANCIAL CORP amended credit facility of $580 million with CIBC Mellon Trust Company, in its capacity as trustee of Plaza Trust, by its financial services agent, Royal Bank of Canada maturing December 15, 2026.

“the Commitment Maturity Date of the Receivables Purchase Agreement has been extended to December 15, 2026 and the facility limit has decreased from $650 million to $580 million.”

MANHATTAN BRIDGE CAPITAL, INC incurred credit facility of up to $10,000,000 with Valley National Bank at Term SOFR (subject to a floor of 3.00%), as defined in the Note, plus 2.95% per maturing December 12, 2027.

““ Letter Agreement ”) with Valley National Bank (“ Valley ”), pursuant to which Valley agreed to provide MBC Funding II with a line of credit in the principal amount of up to $10,000,000 (the “ Credit Facility ”). In connection with the Credit Facility, MBC Funding II executed a Line of Credit Note (the “ Note ”), which evidences the advances available under the”

ARBOR REALTY TRUST INC incurred senior notes of $400 million aggregate principal amount with UMB Bank, N.A. at 8.50% per year maturing December 15, 2028.

“completed the issuance and sale of $400 million aggregate principal amount of its 8.50% Senior Notes due 2028”

HERC HOLDINGS INC incurred senior notes of $600 million of 6.000% senior unsecured notes due 2034 with Truist Bank at 6.000% per annum maturing March 15, 2034.

“On December 16, 2025, Herc Holdings Inc. (the “Company”) issued $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 (the “2031 notes”) and $600 million of 6.000% senior unsecured notes due 2034 (the “2034 notes””

HERC HOLDINGS INC incurred senior notes of $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 with Truist Bank at 5.750% per annum maturing March 15, 2031.

“On December 16, 2025, Herc Holdings Inc. (the “Company”) issued $600 million aggregate principal amount of its 5.750% senior unsecured notes due 2031 (the “2031 notes”)”

Global Water Resources, Inc. incurred term loan of aggregate principal amount of $15,000,000 with CoBANK, ACB at fixed rate of 5.49% per annum maturing December 10, 2035.

“On December 10, 2025, Global Water Resources, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with CoBANK, ACB, a federally-chartered instrumentality of the United States (“CoBANK”), and a related promissory note issued by the Company to CoBANK (the “Promissory Note” and together with the Credit Agreement, the “CoBANK Loan Agreements”), pursuant to which CoBANK provided the Company a term loan in the aggregate principal amount of $15,000,000 (the “Term Loan”) on the terms and subject to the conditions set forth in the CoBANK Loan Agreements.”

PennyMac Mortgage Investment Trust incurred convertible notes of $75 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 8.500% maturing June 1, 2029.

“On December 15, 2025, PennyMac Corp. (the “Issuer”), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (the “Company”), issued $75 million aggregate principal amount of the Issuer’s 8.500% Exchangeable Senior Notes due 2029 (the “2029 Exchangeable Notes”) in a direct placement registered under the Securities Act of 1933, as amended, pursuant to securities purchase agreements with the respective investors named therein (the “Offering”).”

Spirit Aviation Holdings, Inc. amended credit facility with Required DIP Lenders and Wilmington Trust, National Association, as administrative agent and collateral agent.

“On December 15, 2025, the DIP Borrower, the Required DIP Lenders (as defined in the DIP Credit Agreement) and the Agent entered into Amendment No. 1 to the DIP Credit Agreement (the “DIP Credit Agreement Amendment”).”

Lument Finance Trust, Inc. incurred senior notes of approximately $585.0 million (Offered Notes) plus $78.8 million (Non-Offered Notes) with institutional investors and LMNT CRE 2025-FL3 Holder, LLC at weighted average interest rate of approximately 1.91% plus Term SOFR maturing July 2043.

“LMNT CRE 2025-FL3, LLC (the “Issuer”) issued and sold approximately $585.0 million aggregate principal amount of investment grade-rated notes (the “Offered Notes”). The Issuer also issued and sold approximatey $78.8 million aggregate principal amount of below investment grade-rated notes”

Lument Finance Trust, Inc. incurred credit facility of up to $50 million with Northeast Bank at term SOFR plus a SOFR margin of 3.50% maturing 36-month draw period.

“The Loan Agreement provides for up to $50 million in maximum aggregate advances over a 36-month draw period to finance first mortgage loans and controlling first mortgage loan participations secured by commercial real estate.”

WYTEC INTERNATIONAL INC incurred loan of $65,500 with 1800 Diagonal Lending LLC at 12% maturing October 15, 2026.

“Wytec entered into a securities purchase agreement (the “1800 Diagonal SPA”) with 1800 Diagonal Lending LLC, a Virginia limited liability company (“1800 Diagonal”), which closed on December 12, 2025, pursuant to which Wytec sold 1800 Diagonal a promissory note in the principal amount of $65,500 (the “1800 Diagonal Note”).”

WYTEC INTERNATIONAL INC incurred loan of $74,750 with Labrys Fund II, L.P. at 12% maturing December 5, 2026.

“Wytec International, Inc., a Nevada corporation (“Wytec”), entered into a securities purchase agreement (the “Labrys SPA”) with Labrys Fund II, L.P., a Delaware limited partnership (“Labrys”), which closed on December 10, 2025, pursuant to which Wytec sold Labrys a promissory note in the principal amount of $74,750 (the “Labrys Note”).”

Surgery Partners, Inc. incurred senior notes of $425.0 million at 7.250% maturing due 2032.

“issued an additional $425.0 million aggregate principal amount of 7.250% Senior Notes due 2032”

IMAC Holdings, Inc. incurred loan of aggregate principal amount of $247,800 with a certain lender (the "Lender") maturing February 13, 2026.

“On December 11, 2025, IMAC Holdings, Inc. (the "Company") issued a promissory note (the "Note") to a certain lender (the "Lender") in the aggregate principal amount of $247,800 for an aggregate purchase price from the Lenders of $177,000.”

Northwest Natural Holding Co incurred senior notes of $125,000,000 aggregate principal amount of its First Mortgage Bonds, 5.90% Series due 2055 with Deutsche Bank Trust Company Americas at 5.90% per annum maturing December 1, 2055.

“On December 16, 2025, Northwest Natural Gas Company (NW Natural), a wholly owned subsidiary of Northwest Natural Holding Company, issued and sold (i) $75,000,000 aggregate principal amount of its First Mortgage Bonds, 5.13% Series due 2036 (the 5.13% Bonds), and (ii) $125,000,000 aggregate principal amount of its First Mortgage Bonds, 5.90% Series due 2055 (the 5.90% Bonds, together with the 5.13% Bonds, the Bonds), to certain institutional investors pursuant to a Bond Purchase Agreement dated December 16, 2025, in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.”

Northwest Natural Holding Co incurred senior notes of $75,000,000 aggregate principal amount of its First Mortgage Bonds, 5.13% Series due 2036 with Deutsche Bank Trust Company Americas at 5.13% per annum maturing May 1, 2036.

“On December 16, 2025, Northwest Natural Gas Company (NW Natural), a wholly owned subsidiary of Northwest Natural Holding Company, issued and sold (i) $75,000,000 aggregate principal amount of its First Mortgage Bonds, 5.13% Series due 2036 (the 5.13% Bonds), and (ii) $125,000,000 aggregate principal amount of its First Mortgage Bonds, 5.90% Series due 2055 (the 5.90% Bonds, together with the 5.13% Bonds, the Bonds), to certain institutional investors pursuant to a Bond Purchase Agreement dated December 16, 2025, in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.”

Borealis Foods Inc. reported a default on credit facility of USD $15,000,000 with Frontwell Capital Partners Inc. at Default Rate, as defined in the Credit Agreement to mean, for any obligation und.

“Lender has (a) made certain term loans (the “Term Loans”) to certain of such subsidiaries of the Company (collectively, the “Borrowers”) in the aggregate principal amount of USD $15,000,000 and (b) agreed to make, from time to time, certain revolving loans (the “Revolving Loans”) to the Borrowers in the aggregate principal amount of up to USD $10,000,000, subject to”

Zoomcar Holdings, Inc. incurred convertible notes of $220,000.00 with FirstFire Global Opportunities Fund, LLC at 12% per annum maturing 12 months after issuance.

“On December 10, 2025, Zoomcar Holdings, Inc. (the “Company”) closed a Securities Purchase Agreement (the “Purchase Agreement”) with FirstFire Global Opportunities Fund, LLC (“FirstFire”), in connection with a private placement offering of a convertible promissory note in the original principal amount of $220,000.00 (the “Note”)”

WinVest Acquisition Corp. incurred loan of $30,000 with WinVest SPAC LLC at does not bear interest maturing the earlier of (a) the closing of a Business Combination and (b) the Company’s liquidation.

“On December 10, 2025, the Company effected the fourth drawdown of $30,000 under the Promissory Note and caused the Sponsor to deposit such sum into the Trust Account in connection with the extension of the Termination Date from December 17, 2025 to January 17, 2026.”

ConnectM Technology Solutions, Inc. incurred convertible notes of $500,000 with Adv Health Technologies Ltd. at 20% per annum maturing 210 days after issuance.

“025 with $500,000 invested ● Adv Health Technologies Ltd. on September 10, 2025 with $500,000 invested; ● Ashish Kulkarni on October 8, 2025 with”

ConnectM Technology Solutions, Inc. incurred convertible notes of $500,000 with Umesh Goradia at 20% per annum maturing 210 days after issuance.

“● Umesh Goradia on June 9, 2025 with $500,000 principal invested; ● Umesh Goradia on July 11, 2025 with $500,000”

ConnectM Technology Solutions, Inc. incurred convertible notes of $1,000,000 with Mahesh Kumar Navani Revocable Trust at 20% per annum maturing 210 days after issuance.

“Mahesh Kumar Navani Revocable Trust on December 8, 2025 with $1,000,000 invested;”

ConnectM Technology Solutions, Inc. incurred convertible notes of $1,000,000 with Corey T. Lee at 20% per annum maturing 180 days after issuance.

“● Corey T. Lee on January 29, 2025 with $1,000,000 principal invested; ● Zachary Espelund on February 4, 2025 with”

Goldman Sachs Private Credit Corp. incurred senior notes of $260,000,000 aggregate principal amount with Morgan Stanley & Co. LLC as representative of initial purchasers at 5.375% per year payable semi-annually maturing January 31, 2029.

“On December 16, 2025, Goldman Sachs Private Credit Corp. (the “Company”, “we” or “our”) issued $260,000,000 aggregate principal amount of its 5.375% Notes due 2029 (the “New Notes”) under the Company’s indenture dated as of May 6, 2025 (the “Base Indenture”) and third supplemental indenture, dated as of October 17, 2025 (together with the Base Indenture, the “Indenture”).”

T1 Energy Inc. incurred convertible notes of $161,000,000 with U.S. Bank Trust Company, National Association at 5.25% maturing December 1, 2030.

“On December 16, 2025, T1 Energy Inc. (the "Company") completed its previously announced public offering of $161.0 million aggregate principal amount of the Company’s 5.25% Convertible Senior Notes due 2030 (the "Convertible Notes") (including $21.0 million aggregate principal amount of Convertible Notes pursuant to the underwriters’ option to purchase additional Convertible Notes to cover over-allotments, which was exercised in full on December 12, 2025) at a public offering price of 100% of the principal amount thereof (the "Convertible Notes Offering").”

ZYNEX INC faced acceleration on convertible notes of approximately $60.0 million of aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 5.00% maturing 2026.

“The filing of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default under the Company’s approximately $60.0 million of aggregate principal amount (plus any accrued but unpaid interest in respect thereof) of the Company’s 5.00% Convertible Senior Notes 2026 under the indenture, dated as of May 9, 2023 (as amended, supplemented or modified from time to time, the “Indenture”) between the Company and U.S. Bank Trust Company, National Association, as trustee.”

IROBOT CORP faced acceleration on credit facility with Santrum.

“The filing of the Chapter 11 Cases described in Item 1.03 above constitutes an event of default under the Company’s Credit Agreement entered into on July 24, 2023, as amended (the “Credit Agreement”), by and among the Company, each lender from time to time party thereto, and Santrum, as administrative agent and collateral agent. The Credit Agreement provides that, as a result of the Chapter 11 Cases, the principal and interest due thereunder will be immediately due and payable without notice from the lenders thereunder.”

GLADSTONE COMMERCIAL CORP incurred senior notes of $85,000,000 million aggregate principal amount with institutional investors named therein at 5.99% maturing December 15, 2030.

“the Partnership issued to the Purchaser $85,000,000 million aggregate principal amount of its 5.99% Senior Guaranteed Notes due December 15, 2030”

UR-ENERGY INC incurred convertible notes of $120.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.75% per year maturing January 15, 2031.

“issued $120.0 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031”

PENNANTPARK INVESTMENT CORP amended credit facility of increases the total commitments under the Credit Facility Agreement by $35 million to $535 million with Truist Bank as administrative agent at reduces the spread by 0.25% from Term SOFR plus 235 to Term SOFR plus 210 maturing extends the maturity date from July 29, 2027 to December 11, 2030.

“December 11, 2030 (iii) reduces the spread by 0.25% from Term SOFR plus 235 to Term SOFR plus 210 and (iv) increases the total commitments under the Credit Facility Agreement by $35 million to $535 million. The description above is only a summary of the material provisions of the Amendment and is qualified in its entirety by reference to a copy of the Amendment,”

Workhorse Group Inc. incurred credit facility of up to $10 million with MGMH at term SOFR plus an applicable margin of 5.00% maturing December 15, 2028.

“The Cash Flow Credit Agreement provides Workhorse with a line of credit with borrowing capacity of up to $10 million to fund its working capital requirements”

Workhorse Group Inc. incurred credit facility of up to $40 million with MGMH at term SOFR plus an applicable margin of 5.00% maturing December 15, 2028.

“The Customer Order Credit Agreement provides Workhorse with up to $40 million to fund vehicle manufacturing in connection with Qualified Purchase Orders”

Fortress Biotech, Inc. amended credit facility of up to $50.0 million with Oaktree Fund Administration, LLC maturing June 30, 2028.

“Under the terms of the Amendment, the Loan’s maturity date was extended from July 25, 2027 to June 30, 2028.”

Avalon GloboCare Corp. incurred loan of $375,000 with Allen O Cage Jr. maturing April 15, 2026.

“On December 11, 2025, Avalon GloboCare Corp., a Delaware corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Allen O Cage Jr., an individual (the “Holder”), pursuant to which the Company issued an unsecured bridge note (the “Note”) with a maturity date of April 15, 2026 (the “Maturity Date”), in the principal sum of $375,000 (the “Principal Sum”).”

Planet Fitness, Inc. incurred revolving credit of up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1 with Morgan Stanley Bank, N.A., Morgan Stanley Asset Funding, Inc., and certain conduit investors at per annum rates equal to (i) one, three or six month term SOFR plus 185 basis po maturing It is anticipated that the principal and interest on the Variable Funding Notes will be repaid in full on or prior to December 2030, subject to two additional o.

“the Master Issuer also entered into the previously announced revolving financing facility that allows for the issuance of up to $75 million in Series 2025-1 Variable Funding Senior Notes, Class A-1 (the “Variable Funding Notes”), and certain letters of credit, all of which are currently undrawn”

J.Jill, Inc. incurred term loan of $75,000,000 with CCP Agency, LLC at Base Rate plus 4.50% through June 30, 2026 and 4.25% thereafter or Term SOFR plu maturing December 12, 2030.

“The Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount of $75,000,000 with a maturity date of December 12, 2030.”

FS Credit Real Estate Income Trust, Inc. incurred credit facility of aggregate purchase price commitments of up to $350,000,000 with Morgan Stanley Bank, N.A. at a spread over Term SOFR maturing December 9, 2030.

“The MS-1 Facility provides for aggregate purchase price commitments of up to $350,000,000. Each transaction under the MS-1 Facility will accrue price differential at a spread over Term SOFR and is subject to customary margin maintenance provisions. The MS-1 Facility has a termination date of December 9, 2030, subject to one-year extension options at the Administrative Agent’s discretion upon satisfaction of specified conditions.”

Luminar Technologies, Inc./DE reported a default on term loan of approximately $247.7 million with GLAS Trust Company LLC at not specified maturing not specified.

“amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result of the filing of the Chapter 11”

Luminar Technologies, Inc./DE reported a default on term loan of approximately $104.6 million with GLAS Trust Company LLC at not specified maturing not specified.

“12, 2025, the aggregate amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result of the filing of”

Luminar Technologies, Inc./DE reported a default on senior notes of approximately $135.7 million with U.S. Bank National Association at not specified maturing not specified.

“”). As of December 12, 2025, the aggregate amount of outstanding Unsecured Notes, 1L Notes and 2L Notes, including principal and accrued but unpaid interest, was approximately $135.7 million, $104.6 million and $247.7 million, respectively. Any efforts to enforce payment obligations against the Debtors under the Debt Instruments are automatically stayed as a result”

Humacyte, Inc. incurred term loan of $77,500,000 with Avenue Venture Opportunities Fund II, L.P. at greater of (i) 11.50% and (ii) the sum of the Wall Street Journal Prime Rate plu maturing December 1, 2029.

“On December 15, 2025 (the "Closing Date"), Humacyte, Inc. (the "Company") and Humacyte Global, Inc. ("Global", and together with the Company, the "Borrowers"), a wholly-owned subsidiary of the Company, entered into a loan and security agreement (the "Loan Agreement") with Avenue Venture Opportunities Fund II, L.P., as administrative agent and collateral agent for the lenders (the "Loan Agent") and as lender ("Avenue"), which provides for a senior secured term loan facility of up to $77,500,000 in the aggregate that matures on December 1, 2029, consisting of (i) an initial term loan of $40 million (the "First Tranche Term Loan"), which was fully funded on the Closing Date, (ii) a $12.5 million delayed draw term loan (the "Second Tranche Term Loan") which will be made available between October 1, 2026 and March 31, 2027, subject to the satisfaction of certain revenue, regulatory approvals and liquidity conditions, and (iii) a $25 million delayed draw term loan (the "Third Tranche Term Lo”

GCT Semiconductor Holding, Inc. incurred convertible notes of up to $20,000,000 with Indigo Capital LP at will not bear interest maturing 24 months after issuance.

“On December 15, 2025, GCT Semiconductor Holding, Inc. (the "Company") entered into a Convertible Promissory Note Purchase Agreement (the "Purchase Agreement") with Indigo Capital LP (the "Purchaser"), pursuant to which the Company may issue and sell to the Purchaser convertible promissory notes (the "Convertible Notes") in an aggregate principal amount of up to $20,000,000.”

Mountain Crest Acquisition Corp. V incurred loan of up to $500,000 with Mountain Crest Global Holdings LLC maturing the earlier of: (i) the date on which Company consummates an initial business combination with a target business, or (ii) the date the Company liquidates if a b.

“On December 11, 2025, Mountain Crest Acquisition Corp. V (the “Company”) issued an unsecured promissory note in the aggregate principal amount up to $500,000 (the “Note”) to Mountain Crest Global Holdings LLC, the Company’s sponsor (the “Sponsor”).”

Ivanhoe Electric Inc. incurred term loan of $200,000,000 with National Bank of Canada, Société Generale, and Bank of Montreal at Term SOFR plus the Applicable SOFR Rate maturing December 31, 2027.

“Canada, Société Generale, and Bank of Montreal. The Credit Agreement provides for a secured delayed-draw term loan facility (the “Facility”) in an aggregate principal amount of $200,000,000. The Facility is intended to support the development and construction of the Santa Cruz Copper Project in Pinal County, Arizona. Outstanding amounts under the Facility will”

GE HealthCare Technologies Inc. incurred term loan of $750 million with JPMorgan Chase Bank, N.A., as administrative agent maturing third anniversary.

“On December 12, 2025, GE HealthCare Technologies Inc. (the “Company”) entered into a three-year senior unsecured term loan credit facility (the “Term Loan Credit Agreement”) among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein. Pursuant to the Term Loan Credit Agreement, the lenders thereunder have committed to make an unsecured term loan in an aggregate amount of $750 million (the “Term Loan”), which will be made in a single borrowing on a future date subject to the satisfaction (or waiver) of certain customary conditions precedent, and will mature and be payable in full on the third anniversary thereof.”

FRIEDMAN INDUSTRIES INC amended credit facility of $140 million with JPMorgan Chase Bank, N.A..

“increase the aggregate commitments under the A&R Credit Agreement from $125 million to $140 million”

ESSEX PORTFOLIO LP incurred senior notes of $350.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.875% per annum maturing February 15, 2036.

“On December 12, 2025, the Operating Partnership issued $350.0 million aggregate principal amount of Notes.”