secwatch.observer — SEC 8-K summary
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Issuer:     SUI Group Holdings Ltd. (SUIG)
CIK:        0001425355
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001104659-22-002354
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mill City Ventures enters $5M revolving credit facility at 8% interest, secured by all assets
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- $5M revolving line of credit from Eastman Investment and Lyle A. Berman Revocable Trust, maturing January 3, 2027.
- Interest accrues at 8% per annum; obligations secured by substantially all of Mill City's assets.
- Quarterly unused commitment fee of 0.25% payable in common shares based on net asset value.
- Lenders can terminate credit after January 3, 2023; loan must then be repaid from specified investment proceeds.
- Lenders granted piggyback registration rights for shares issued as commitment fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425355/000110465922002354/0001104659-22-002354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425355/000110465922002354/tm222358d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-002354

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