secwatch.observer — SEC 8-K summary
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Issuer:     Sunrise Realty Trust, Inc. (SUNS)
CIK:        0002012706
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0002012706-24-000020
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sunrise Realty Trust enters $75M related-party revolving credit facility at 8% interest, maturing 2028
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- Unsecured revolving credit facility of $75M from SRT Finance LLC, indirectly owned by Executive Chairman Leonard Tannenbaum and President Robyn Tannenbaum.
- Interest rate 8.00% per annum; maturity earlier of May 31, 2028 or closing of $75M+ refinancing.
- Annual commitment fee of 1.00% of aggregate commitments from Jan 1, 2026, prorated in 2028.
- Prior $50M facility terminated Nov 6, 2024; new facility is a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012706/000201270624000020/0002012706-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012706/000201270624000020/suns-20241209.htm
  HTML page:      https://secwatch.observer/filing/0002012706-24-000020

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