---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112707"
form_type: "8-K"
ticker: null
cik: "0001821850"
company_name: "Sunlight Financial Holdings Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:54:05.738622+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sunlight Financial files Chapter 11, agrees to $15M investment from ED Umbrella for 87.5% of new equity

## Summary
- Filed Chapter 11 in Delaware on Oct 30; prepackaged plan supported by ED Umbrella Holdings (Greenbacker, IGS).
- Plan Sponsor invests $15M for 87.5% of new equity; CRB receives 12.5% and provides $20M exit financing.
- CRB backstops $10M at 10% interest; $4.4M additional advance from collateral account allowed for operations.
- Total $109.9M outstanding under CRB agreements; default accelerated but stayed by Chapter 11 filing.
- Tax Receivables Agreement terminated; Recharacterization Notice reclassifies certain loans as retained.

## SEC filing metadata
- accession: 0001104659-23-112707
- form_type: 8-K
- cik: 0001821850
- company_name: Sunlight Financial Holdings Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821850/000110465923112707/0001104659-23-112707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821850/000110465923112707/tm2329469d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112707
- JSON: https://secwatch.observer/filing/0001104659-23-112707.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112707.txt

## Key facts
- Debt Financings
  Sunlight Financial Holdings Inc. faced acceleration on credit facility of approximately $109.9 million with CRB.
  - Instrument: credit facility
  - Principal: approximately $109.9 million
  - Counterparty: CRB
  - Event: acceleration
  source text: Improvement Loan Sale Agreement, dated as of April 25, 2023, by and between CRB and Sunlight Financial LLC. 7 As of the date of this filing, the Company has approximately $109.9 million outstanding under the CRB Agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821850/000110465923112707/0001104659-23-112707-index.htm
- Distress & Bankruptcy
  Sunlight Financial Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2023-10-30
  source text: On October 30, 2023 , Sunlight Financial Holdings Inc. (the “ Company ”) and each of its wholly owned subsidiaries
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821850/000110465923112707/0001104659-23-112707-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.