debt
confidence high
sentiment neutral
materiality 0.50
Sunrise Realty Trust enters $50M unsecured revolving credit facility with related party
Sunrise Realty Trust, Inc.
- $50M unsecured revolver with SRT Finance LLC, owned by Executive Chairman and President and family.
- Interest at 1-month SOFR (3.0% floor) + 2.75%; maturity December 31, 2025.
- Facility may be borrowed, repaid, and redrawn subject to conditions and draw fee.
- Proceeds for working capital and general corporate purposes.