Debt Financings

Ares Real Estate Income Trust Inc. amended credit facility of $2.0 billion with syndicate of lenders led by BofA Securities, Inc.; Wells Fargo Securities, LLC; JPMorgan Chase Bank, N.A.; and Capital One, National Association at Term SOFR plus a margin ranging from 1.25% to 2.00% maturing June 18, 2029.

“On June 18, 2025 (the “Effective Date”), AREIT Operating Partnership LP (the “Borrower”), a wholly-owned subsidiary of Ares Real Estate Income Trust Inc. (the “Company,” and collectively with the Borrower, “we,” “us,” or “our”), amended and restated its existing senior unsecured revolving and term credit facility agreement by entering into a $1.0 billion revolving credit facility (the “Revolving Credit Facility”), a $700.0 million term loan (the “A-1 Term Loan”), and a second $300.0 million term loan (the “A-2 Term Loan”) for an aggregate amount of $2.0 billion (collectively, the “Credit Facility”) with a syndicate of lenders led by BofA Securities, Inc.; Wells Fargo Securities, LLC; JPMorgan Chase Bank, N.A.; and Capital One, National Association as both Joint Bookrunners and Joint Lead Arrangers, together with Regions Capital Markets, Truist Securities, Inc. and The Huntington National Bank and M&T Bank as Joint Lead Arrangers.”

Travel & Leisure Co. amended revolving credit of $1.0 billion with Bank of America, N.A. at Term SOFR plus a spread ranging from 1.50% to 2.00% maturing June 2030.

“The Seventh Amendment, among other things, established a new revolving credit facility with $1.0 billion in revolving credit commitments that is scheduled to mature in June 2030”

PROS Holdings, Inc. incurred convertible notes of $235.0 million in aggregate principal amount with Wilmington Trust, National Association at 2.50% per year maturing 2030.

“issued $235.0 million in aggregate principal amount of 2.50% Convertible Senior Notes due 2030”

Rapid7, Inc. incurred revolving credit of up to $200 million with JPMorgan Chase Bank, N.A. at SOFR or alternate base rate plus a fixed margin maturing fifth anniversary of the Closing Date.

“The Credit Agreement establishes a senior secured revolving credit facility and provides for borrowings in an aggregate principal amount of up to $200 million”

Hall of Fame Resort & Entertainment Co amended credit facility of $14,000,000 with CH Capital Lending, LLC.

“of “Facility Amount” in Section 1 of the original note and security agreement (as amended prior to the Eighth Amendment) to increase the facility amount from $12,000,000 to $14,000,000 allowing the Borrowers to request an additional $2,000,000 for general corporate purposes, subject to certain restrictions. The foregoing description of the Eighth Amendment does”

Bit Digital, Inc incurred lease obligation of USD $18.5 million with Royal Bank of Canada at fixed based on the rental rate determined by RBC for the three-year term of the maturing three-year term.

“Enovum entered into a three-year USD $18.5 million non-revolving lease facility to finance specific equipment costs, including related installation costs, building improvements and soft costs, and/or sale and leasing of existing equipment.”

Bit Digital, Inc incurred revolving credit of USD $5.8 million with Royal Bank of Canada maturing 36 month term.

“proceeds are to be used primarily to refinance the buildout of WhiteFiber’s Tier-3 AI data center at 7300 Trans Canada Highway, Pointe-Claire, Quebec (“MTL-2”) as well as USD $5.8 million of revolving term financing (the “Revolver”) (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025). The Facility is among”

Bit Digital, Inc incurred term loan of USD $19.6 million with Royal Bank of Canada at a floating interest rate ranging from RBP plus 0.75% to CORRA (“Canadian Overnig maturing three-year term.

“As part of the Facility, Enovum entered into a three-year USD $19.6 million (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025) non-revolving real estate term loan facility.”

Bit Digital, Inc incurred credit facility of up to approximately USD $43.9 million with Royal Bank of Canada at fixed based on the rental rate determined by RBC for the three-year term of the maturing three-year term.

“into a definitive credit agreement (the “Facility”) with the Royal Bank of Canada (“RBC”). The Facility provides for an aggregate of up to approximately USD $43.9 million of financing (based on the CAD/U.S.$ rate of exchange of CAD1.00/U.S.$0.7308, as reported by Bloomberg on June 18, 2025). The proceeds are to be used primarily to refinance the”

Aditxt, Inc. incurred loan of $90,000 and $100,000 with Amro Albanna and Shahrokh Shabahang at Prime rate of seven and one-half percent (7.5%) per annum maturing July 20, 2025 or an Event of Default.

“On June 20, 2025, Amro Albanna, the Chief Executive Officer of Aditxt, Inc. (the “ Company ”) and Shahrokh Shabahang, the Chief Innovation Officer of the Company loaned $90,000 and $100,000, respectively, to the Company. The loans were each evidenced by an unsecured promissory note (the “ Note ”), each of which will accrue interest at the Prime rate of seven and one-half percent (7.5%) per annum and is due on the earlier of July 20, 2025 or an Event of Default (as defined in the Note).”

Stepstone Private Credit Fund LLC amended revolving credit of increased the aggregate commitments by the lenders under the BMO SPV II Credit Facility to $162,500,000 from $109,500,00 with Bank of Montreal at Term SOFR plus a margin of 2.35% maturing extended the commitment termination date under the BMO SPV II Credit Facility to June 30, 2027; scheduled maturity date remains May 1, 2030.

“the “BMO SPV II Credit Facility”). The BMO Third Amendment, among other changes, (i) increased the aggregate commitments by the lenders under the BMO SPV II Credit Facility to $162,500,000 from $109,500,000, (ii) reduced the applicable margin on borrowings under the BMO SPV II Credit Facility, such that borrowings under the BMO SPV II Credit Facility will generally”

Bayview Acquisition Corp incurred loan of $600,000 with Oabay Inc. and its operating entity – AsiaFactor(CN) Co., Ltd at does not bear interest maturing the date on which the Company consummates a business combination with the Payees.

“the Company issued, on June 20, 2025 , an unsecured promissory note in the total principal amount of $600,000 (the “ Promissory Note ”) to Oabay Inc. and its operating entity – AsiaFactor(CN) Co., Ltd, (the “ Payees ”). The Promissory Note does not bear interest and the principal thereunder becomes due and payable upon the date on which the Company consummates a business combination with the Payees.”

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP incurred loan of $67,500,000 with KeyBank National Association at SOFR rate plus 150 basis points maturing December 17, 2025.

“On June 18, 2025, Hill Estates NERA, LLC, a Delaware limited liability company (the “Hill Estates” or “Borrower”), a wholly-owned subsidiary of New England Realty Associates Limited Partnership, a Massachusetts limited partnership (the “Partnership”), entered into an Interim Loan Agreement (the “Loan Agreement”) with KeyBank National Association, a national banking association (“Lender”). Pursuant to the Loan Agreement, the Lender agreed to provide a loan in the principal amount of $67,500,000 (the “Loan”), with the Partnership acting as the Guarantor (as defined in the Loan Agreement).”

PG&E Corp amended revolving credit of $5,400,000,000 with Citibank, N.A., as administrative agent at modified both the interest rate pricing grid and commitment fee pricing grid maturing June 21, 2030.

“other things, (i) extend the maturity date of such agreement to June 21, 2030, (ii) increase the aggregate commitments provided by the lenders thereunder from $4,400,000,000 to $5,400,000,000 and (iii) modify both the interest rate pricing grid and commitment fee pricing grid. The foregoing description of the Utility Amendment and the Utility Revolving Credit Agreement”

OneSpan Inc. incurred revolving credit of $100,000,000 with MUFG Bank, Ltd. at base rate or term SOFR plus applicable rate ranging from 1.00% to 2.50% maturing June 23, 2030.

“of the Exchange Act. o ITEM 1.01 Entry into a Material Definitive Agreement On June 23, 2025, OneSpan Inc. (the “Company”) and certain subsidiaries of the Company entered into a $100,000,000 Credit Agreement (the “Credit Agreement”) with MUFG Bank, Ltd., as Administrative Agent, Swingline Lender and L/C Issuer (“MUFG”), and the lenders party thereto. The Credit”

CBRE GROUP, INC. incurred revolving credit of $1 billion with Wells Fargo Bank, National Association at Term SOFR or base rate plus spread ranging from 0.645% to 1.125% depending on cr maturing 364 days from June 24, 2025.

“The 364-Day Revolving Credit Agreement provides for a senior unsecured revolving credit facility available to Services with commitments in an aggregate principal amount of up to $1 billion. Interest Rate and Fees The 364-Day Revolving Credit Agreement provides that loans will bear interest at (i) a rate equal to an applicable rate (as described below), plus , (ii)”

CBRE GROUP, INC. incurred revolving credit of $3.5 billion with Wells Fargo Bank, National Association at Term SOFR or base rate plus spread ranging from 0.630% to 1.100% depending on cr maturing June 24, 2030.

“The 5-Year Revolving Credit Agreement provides for a senior unsecured revolving credit facility available to Services with commitments in an aggregate principal amount of up to $3.5 billion, which commitments replaced in full and terminated the revolving commitments previously available under that certain Revolving Credit Agreement, dated as of August 5, 2022 (the “”

SOMNIGROUP INTERNATIONAL INC. amended term loan of $100.0 million of the outstanding Term B Loans prepaid with Bank of America, N.A. at applicable margin reduced by 0.25% to: (i) base rate plus 1.25%, (ii) Term Bench maturing October 2031.

“subject, in each case, to an additional 0.25% rate reduction based on the Company's consolidated total leverage ratio. In connection with the repricing, the Company prepaid $100.0 million of the outstanding Term B Loans (including accrued and unpaid interest in respect thereof) with a borrowing under the revolving credit facility under the Credit Agreement. The”

Bridgewater Bancshares Inc incurred senior notes of $80.0 million with certain institutional accredited investors and qualified institutional buyers at 7.625% Fixed-to-Floating Rate maturing June 30, 2035.

“On June 24, 2025, Bridgewater Bancshares, Inc. (the “Company”) entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with certain institutional accredited investors and qualified institutional buyers (the “Purchasers”) pursuant to which the Company sold and issued $80.0 million in aggregate principal amount of its 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).”

HA Sustainable Infrastructure Capital, Inc. incurred senior notes of $400,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.750% per year maturing July 15, 2035.

“$400,000,000 aggregate principal amount of its 6.750% Green Senior Unsecured Notes due 2035”

HA Sustainable Infrastructure Capital, Inc. incurred senior notes of $600,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.150% per year maturing January 15, 2031.

“On June 24, 2025, HA Sustainable Infrastructure Capital, Inc., a Delaware corporation (the “Company”), issued $600,000,000 aggregate principal amount of its 6.150% Green Senior Unsecured Notes due 2031”

Jaguar Health, Inc. incurred convertible notes of approximately $2.57 million aggregate principal amount with Participating Investors at 6% per annum maturing January 30, 2026.

“On June 24, 2025, the Company entered into note exchange and warrant purchase agreements (the “Exchange Agreements”) with certain of the Original Investors (the “Participating Investors”), pursuant to which the Company agreed to (a) issue and sell (i) approximately $2.57 million aggregate principal amount of new 6% convertible promissory notes (the “Replacement Notes”), in exchange for the cancellation of the Original Notes held by the Participating Investors”

Uniti Group Inc. incurred senior notes of $600,000,000 aggregate principal amount with Deutsche Bank Trust Company Americas at 8.625% per year maturing June 15, 2032.

“On June 24, 2025, Uniti Group LP, Uniti Group Finance 2019 Inc., Uniti Fiber Holdings Inc. and CSL Capital, LLC (together, the “Issuers”), each a subsidiary of Uniti Group Inc. (the “Company” and, together with the Issuers, “us” or “we”), completed a private offering of $600,000,000 aggregate principal amount of the Issuers’ 8.625% Senior Notes due 2032 (the “Notes”).”

Revolution Medicines, Inc. incurred debt of $250.0 million with Royalty Pharma Investments 2019 ICAV maturing 15 years after the first commercial sale of RMC-6236 in the United States.

“On June 23, 2025 (the “Effective Date”), Revolution Medicines, Inc. (the “Company”) entered into a revenue participation right purchase and sale agreement (the “Royalty Purchase Agreement”) with Royalty Pharma Investments 2019 ICAV (“Royalty Pharma”). Pursuant to the Royalty Purchase Agreement, in exchange for an upfront payment of $250.0 million, Royalty Pharma purchased from the Company the right to receive tiered revenue payments (the “Royalty Payments”) with respect to worldwide net product sales”

Nuburu, Inc. incurred convertible notes of $250,000 face amount unsecured, convertible note with Bomore Opportunity Group Ltd at no interest maturing June 17, 2026.

“the Company issued to Bomore a $250,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has a June 17, 2026 maturity date”

Nuburu, Inc. incurred convertible notes of $1,050,000 face amount unsecured, convertible note with Bomore Opportunity Group Ltd at no interest maturing June 17, 2026.

“the Company issued to Bomore a $1,050,000 face amount unsecured, convertible note. The note bears no interest for so long as it is not in default and has an June 17, 2026 maturity date”

AGL Private Credit Income Fund incurred credit facility of $250,000,000 with Natixis, New York Branch at base rate plus 1.95% maturing June 20, 2035.

“clause (a), no Lender will utilize the Cost of Funds Rate without the prior consent of the Borrower. The initial maximum principal amount under the Natixis Credit Agreement is $250,000,000, and the Natixis Credit Agreement includes an accordion provision to permit increases to the total facility amount, subject in each case to the satisfaction of certain conditions.”

PUBLIC SERVICE CO OF NEW HAMPSHIRE incurred senior notes of $300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 4.40% maturing Due 2028.

“On June 24, 2025, Public Service Company of New Hampshire, doing business as Eversource Energy (the “Company”), issued $300,000,000 aggregate principal amount of its 4.40% First Mortgage Bonds, Series Y, Due 2028 (the “Bonds”), pursuant to an Underwriting Agreement, dated June 16, 2025, among BofA Securities, Inc., Morgan Stanley & Co. LLC, and TD Securities (USA) LLC, as representatives of the underwriters named therein, and the Company (the “Underwriting Agreement”).”

ACURA PHARMACEUTICALS, INC incurred loan of loans of $100,000 with Abuse Deterrent Pharma, LLC at 5.25%.

“On each of June 3, 2025 and June 20, 2025, we received loans of $100,000 from Abuse Deterrent Pharma, LLC ("AD Pharma"). These loans combined with previous loans made to the Company and combined with the $2,319,279 under the November 10, 2022 Amended Consolidated and Restated Secured Promissory Note, now has a principal balance of $8,194,279 with accrued interest of approximately $721,000 as of June 20 2025, and bears interest at 5.25% ("Note").”

3D SYSTEMS CORP incurred convertible notes of $92.0 million with Wilmington Savings Fund Society, FSB at 5.875% per annum maturing June 15, 2030.

“On June 23, 2025, 3D Systems Corporation (the “Company”) completed its previously announced private offering of $92.0 million aggregate principal amount of its 5.875% Convertible Senior Secured Notes due 2030 (the “Notes”).”

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of €700 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 3.625% per annum maturing June 15, 2034.

“On June 16, 2025, Oncor Electric Delivery Company LLC (“Oncor”) completed a sale of €700 million aggregate principal amount of its 3.625% Senior Secured Notes due 2034 (the “Notes”).”

GLOBAL PARTNERS LP incurred senior notes of $450.0 million aggregate principal amount with Regions Bank at 7.125% per annum maturing July 1, 2033.

“On June 23, 2025, Global Partners LP, a Delaware limited partnership (the “ Partnership ”), and GLP Finance Corp., a Delaware corporation (together with the Partnership, the “ Issuers ”), completed their previously announced private placement of $450.0 million aggregate principal amount of the Issuers’ 7.125% senior notes due 2033 (the “ Notes ”).”

Under Armour, Inc. incurred senior notes of $400 million with Wilmington Trust, National Association at 7.250% maturing July 15, 2030.

“On June 23, 2025, Under Armour, Inc. (“Under Armour” or the “Company”) closed its previously announced private offering (the “Offering”) of $400 million in aggregate principal amount of 7.250% Senior Notes due 2030 (the “Notes”)”

RING ENERGY, INC. amended revolving credit of $585 million with Bank of America, N.A. (as Administrative Agent) and the lenders at reduces the applicable margin pricing grid by 25 basis points maturing June 18, 2029.

“reduces the borrowing base and aggregate elected commitment from $600 million to $585 million; extends the maturity date of the Credit Agreement from August 31, 2026 to June 18, 2029; reduces the applicable margin pricing grid by 25 basis points”

AYTU BIOPHARMA, INC amended revolving credit of $1.5 million incremental advance with Eclipse Business Capital LLC at SOFR plus 5.50% maturing June 12, 2029.

“extended the revolving credit facility (the “Eclipse Revolving Loan”) maturity date to June 12, 2029, and increased the potential maximum borrowing base pursuant to a $1.5 million incremental advance (the “Eclipse Incremental Advance”), at an interest rate of the SOFR plus 5.50%”

AYTU BIOPHARMA, INC amended term loan of outstanding principal amount of $13.0 million with Eclipse Business Capital LLC maturing June 12, 2029.

“extended the term loan (the “Eclipse Term Loan”) maturity date to June 12, 2029, and increased the Eclipse Term Loan resulting in an outstanding principal amount of $13.0 million on the closing date of the Eclipse Amendment”

Scorpius Holdings, Inc. incurred loan of One Hundred and Thirty Thousand Dollars ($130,000) with an institutional investor at 5.0% per annum maturing the earlier of: (i) July 31, 2025; (ii) the consummation of a Corporate Event (as such term is defined in the Note); or (iii) when, upon or after the occurrence.

“On June 18, 2025, Scorpius Holdings, Inc., a Delaware corporation (the “Company”), issued a non-convertible promissory note (the “Note”) in the principal amount of One Hundred and Thirty Thousand Dollars ($130,000) to an institutional investor (the “Holder”).”

S&W Seed Co reported a default on loan of approximately $4.3 million with AgAmerica Lending LLC.

“The Existing Default also triggered a cross-default (the “Cross Default”) under the Term Loan Agreement, dated June 20, 2023 (the “Term Loan Agreement”), by and among AgAmerica Lending LLC (“AgAmerica”) and the Company, pursuant to which AgAmerica extended a term loan of $4.3 million to the Company”

S&W Seed Co reported a default on credit facility of approximately $20.9 million with ABL OPCO LLC at a rate per annum equal to the lesser of (a) the sum of (i) the interest rate app.

“and other investments and any MFP Stock Redemptions. The Existing Default permits Mountain Ridge to declare all Obligations immediately due and payable, which was approximately $20.9 million as of the date of this Current Report. The Existing Default also triggered a cross-default (the “Cross Default”) under the Term Loan Agreement, dated June 20, 2023 (the “Term”

S&W Seed Co incurred revolving credit of $1,080,000 with ABL OPCO LLC at 18.00% per annum.

“the Lenders advanced additional Revolving Loans under the Mountain Ridge Credit Agreement to the Company in the aggregate principal amount of $1,080,000”

Hut 8 Corp. amended credit facility of up to $130,000,000 with Coinbase Credit, Inc. at 9.0% maturing June 16, 2026.

“The Third Amended and Restated Credit Agreement amends and restates the Second Amended and Restated Credit Agreement to, among other things: (i) extend the final maturity date to June 16, 2026; (ii) increase the principal amount by up to $65,000,000 of additional borrowings, if any, resulting in a total principal amount of up to $130,000,000; (iii) modify the interest rate such that amounts that are borrowed will bear interest at a rate equal to 9.0%”

PHX MINERALS INC. incurred guarantee with U.S. Bank Trust Company, National Association, as administrative agent.

“On June 23, 2025, after giving effect to the transactions contemplated by the Merger Agreement, PHX became a guarantor of the indebtedness under that certain Note Purchase Agreement, dated as of September 17, 2024 (as amended including in connection with the consummation of the transactions contemplated by the Merger Agreement, the “Amended Note Purchase Agreement”), by and among WHIC, the holders party thereto and U.S. Bank Trust Company, National Association, as administrative agent.”

NPK International Inc. incurred revolving credit of $150 million with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer at Term SOFR rate plus a per annum applicable margin maturing June 20, 2030.

“On June 20, 2025, NPK International Inc., a Delaware corporation (the “Company”), as borrower, and certain of its subsidiaries, as guarantors, entered into a credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer, and a group of lenders, including Bank of America, N.A. The Credit Agreement provides for a senior secured revolving credit facility with aggregate commitments of $150 million (the “Facility”)”

NATURAL ALTERNATIVES INTERNATIONAL INC amended credit facility of decreases the maximum principal amount that can be borrowed from $12,500,000 to $10,000,000 with Wells Fargo Bank, National Association maturing extends NAI's current credit facility with Wells Fargo to December 31, 2026.

“The amended credit facility extends NAI's current credit facility with Wells Fargo to December 31, 2026, decreases the maximum principal amount that can be borrowed from $12,500,000 to $10,000,000, and adds the Company’s powder processing facility in Carlsbad California as security for the amended credit agreement. The Sixth Amendment to Credit Agreement”

BROWN & BROWN, INC. incurred senior notes of $1,000,000,000 with U.S. Bank Trust Company, National Association at 5.550% maturing June 23, 2035.

“$1,000,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2035”

BROWN & BROWN, INC. incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 5.250% maturing June 23, 2032.

“$500,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2032”

BROWN & BROWN, INC. incurred senior notes of $800,000,000 with U.S. Bank Trust Company, National Association at 4.900% maturing June 23, 2030.

“$800,000,000 aggregate principal amount of the Company’s 4.900% Senior Notes due 2030”

BROWN & BROWN, INC. incurred senior notes of $500,000,000 with U.S. Bank Trust Company, National Association at 4.700% maturing June 23, 2028.

“$500,000,000 aggregate principal amount of the Company’s 4.700% Senior Notes due 2028”

BROWN & BROWN, INC. incurred senior notes of $400,000,000 with U.S. Bank Trust Company, National Association at 4.600% maturing December 23, 2026.

“$400,000,000 aggregate principal amount of the Company’s 4.600% Senior Notes due 2026”

EMPIRE PETROLEUM CORP incurred loan of $4,000,000 with Phil E. Mulacek at 5.5% per annum maturing June 17, 2027.

“On June 17, 2025 (the "Original Issue Date"), Empire Petroleum Corporation (the "Company") issued that certain Promissory Note in the aggregate principal amount of $4,000,000 (the "Note") to Phil E. Mulacek.”