secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001829126-24-006493
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrise Realty Trust enters $50M unsecured revolving credit facility with related party
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000182912624006493/0001829126-24-006493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000182912624006493/sunriserealty_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006493

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer