other material
confidence high
sentiment neutral
materiality 0.40
Mill City Ventures amends loan to Mustang Funding, extends maturity to March 2027, increases rate to 20%
SUI Group Holdings Ltd.
- Amendment No. 5 extends maturity to March 28, 2027 and raises per annum interest to 20%.
- Mustang Funding continues monthly cash interest at 15%; additional 5% payable at maturity.
- Mill City is negotiating a security agreement and amended intercreditor agreement with Mustang and its senior creditor.