---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-000890"
form_type: "8-K"
ticker: "SUIG"
cik: "0001425355"
company_name: "SUI Group Holdings Ltd."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:13:32.423467+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Mill City Ventures III terminates loan agreement with Eastman Investments and Berman Trust

## Summary
- On January 22, 2024, Mill City, Eastman Investments, and Lyle A. Berman Revocable Trust terminated the January 3, 2022 Loan and Security Agreement.
- Termination effective January 1, 2024; Mill City had satisfied all payment obligations under the agreement.
- Mill City terminated because it does not anticipate needing the liquidity provided by the loan in the near future.
- Lyle A. Berman, trustee of the Trust, is a director of Mill City.

## SEC filing metadata
- accession: 0001654954-24-000890
- form_type: 8-K
- ticker: SUIG
- cik: 0001425355
- company_name: SUI Group Holdings Ltd.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425355/000165495424000890/0001654954-24-000890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425355/000165495424000890/mcvt_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-000890
- JSON: https://secwatch.observer/filing/0001654954-24-000890.json
- Plain text: https://secwatch.observer/filing/0001654954-24-000890.txt

## Key facts
- Material Agreements
  SUI Group Holdings Ltd. terminated Loan and Security Agreement with Eastman Investments, Inc. and Lyle A. Berman, as trustee of the Lyle A. Berman Revocable Trust (collectively, the "Lenders") (effective 2024-01-01).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Eastman Investments, Inc. and Lyle A. Berman, as trustee of the Lyle A. Berman Revocable Trust (collectively, the "Lenders")
  - Effective: 2024-01-01
  source text: On January 22, 2024, Mill City Ventures III, Ltd. (“Mill City”), Eastman Investments, Inc., a Nevada corporation (“Eastman”), and Lyle A. Berman, as trustee of the Lyle A. Berman Revocable Trust (the “Trust,” and referred to collectively with Eastman as the “Lenders”), terminated the Loan and Security Agreement that the parties had entered into on January 3, 2022 (the “Loan and Security Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425355/000165495424000890/0001654954-24-000890-index.htm

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