Sunrise AG真人官方ty Trust, Inc. Expands Revolving Credit Facility to $90 Million with Addition of City National Bank as Joint Lead Arranger
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) has expanded its senior secured revolving credit facility to $90 million in total commitments. The expansion comes from a new $40 million commitment from City National Bank of Florida (CNB), which joins as Joint Lead Arranger alongside East West Bank, which provided the initial $50 million commitment in November 2024.
The Credit Facility can be further expanded to $200 million, subject to conditions and additional lender participation. The funds will be used to support SUNS' commercial real estate loan pipeline, existing commitments, and general working capital needs. The expansion demonstrates confidence in SUNS' lending approach and market opportunity.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) ha ampliato la sua linea di credito revolving senior garantita fino a 90 milioni di dollari in impegni totali. L'espansione deriva da un nuovo impegno di 40 milioni di dollari da parte di City National Bank of Florida (CNB), che si unisce come Joint Lead Arranger insieme a East West Bank, che aveva fornito l'impegno iniziale di 50 milioni di dollari a novembre 2024.
La linea di credito pu貌 essere ulteriormente ampliata fino a 200 milioni di dollari, soggetta a condizioni e alla partecipazione di ulteriori finanziatori. I fondi saranno utilizzati per sostenere il portafoglio di prestiti immobiliari commerciali di SUNS, gli impegni esistenti e le necessit脿 generali di capitale circolante. L'espansione riflette la fiducia nell'approccio di prestito di SUNS e nelle opportunit脿 di mercato.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) ha ampliado su l铆nea de cr茅dito renovable garantizada senior a un total de 90 millones de d贸lares en compromisos. La expansi贸n proviene de un nuevo compromiso de 40 millones de d贸lares por parte de City National Bank of Florida (CNB), que se une como Co-L铆der Organizador junto a East West Bank, que proporcion贸 el compromiso inicial de 50 millones de d贸lares en noviembre de 2024.
La l铆nea de cr茅dito puede ampliarse a煤n m谩s hasta 200 millones de d贸lares, sujeto a condiciones y a la participaci贸n de prestamistas adicionales. Los fondos se utilizar谩n para apoyar la cartera de pr茅stamos inmobiliarios comerciales de SUNS, los compromisos existentes y las necesidades generales de capital de trabajo. La expansi贸n demuestra confianza en el enfoque de pr茅stamo de SUNS y en las oportunidades del mercado.
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Sunrise AG真人官方ty Trust (NASDAQ : SUNS) a 茅tendu sa facilit茅 de cr茅dit renouvelable garantie senior 脿 un total de 90 millions de dollars. Cette extension provient d'un nouvel engagement de 40 millions de dollars de la part de City National Bank of Florida (CNB), qui rejoint en tant que co-arrangeur principal aux c么t茅s d'East West Bank, ayant fourni l'engagement initial de 50 millions de dollars en novembre 2024.
La facilit茅 de cr茅dit peut 锚tre 茅tendue jusqu'脿 200 millions de dollars, sous r茅serve de conditions et de la participation d'autres pr锚teurs. Les fonds seront utilis茅s pour soutenir le portefeuille de pr锚ts immobiliers commerciaux de SUNS, les engagements existants et les besoins g茅n茅raux en fonds de roulement. Cette extension t茅moigne de la confiance dans l'approche de pr锚t de SUNS et les opportunit茅s du march茅.
Sunrise AG真人官方ty Trust (NASDAQ: SUNS) hat seine besicherte revolvierende Kreditfazilit盲t auf insgesamt 90 Millionen US-Dollar erweitert. Die Erweiterung resultiert aus einer neuen Verpflichtung von 40 Millionen US-Dollar durch die City National Bank of Florida (CNB), die sich als Joint Lead Arranger neben der East West Bank anschlie脽t, welche die urspr眉ngliche Verpflichtung von 50 Millionen US-Dollar im November 2024 bereitgestellt hatte.
Die Kreditfazilit盲t kann unter Vorbehalt von Bedingungen und zus盲tzlicher Kreditgeberbeteiligung auf bis zu 200 Millionen US-Dollar erweitert werden. Die Mittel werden verwendet, um SUNS' Pipeline f眉r gewerbliche Immobilienkredite, bestehende Verpflichtungen und den allgemeinen Betriebskapitalbedarf zu unterst眉tzen. Die Erweiterung zeigt Vertrauen in SUNS' Kreditvergabeansatz und Marktchancen.
- Secured additional $40 million commitment, expanding credit facility to $90 million total
- Potential for further expansion up to $200 million with additional lender participation
- Addition of City National Bank as second Joint Lead Arranger strengthens lending relationships
- None.
WEST PALM BEACH, Fla., May 20, 2025 (GLOBE NEWSWIRE) -- Sunrise AG真人官方ty Trust, Inc. (鈥淪UNS鈥�) (Nasdaq: SUNS), a lender on the TCG AG真人官方 Estate platform, today announced the expansion of its senior secured revolving credit facility (the 鈥淐redit Facility鈥�) to
Proceeds from the Credit Facility will be used to fund SUNS鈥� commercial real estate loan pipeline, support existing commitments, and provide general working capital.
鈥淭he continued growth of our credit facility reflects strong confidence in SUNS鈥� disciplined lending approach and market opportunity,鈥� said Brian Sedrish, Chief Executive Officer of SUNS. 鈥淎dding a second leading institution as Joint Lead Arranger gives us added capacity and flexibility to deliver on our strategy and support sustained portfolio growth across the region.鈥�
鈥淭his commitment reflects CNB鈥檚 confidence in SUNS and its leadership team鈥檚 disciplined and proven approach to private credit,鈥� said Anthony Martinez, Director of CNB鈥檚 Direct Lender Banking. 鈥淭his opportunity was originated in coordination with the syndications and placement team within our capital markets business. It is a testament to CNB鈥檚 commitment to supporting relationship-centric private credit firms based in Florida.鈥�
About Sunrise AG真人官方ty Trust, Inc.
Sunrise AG真人官方ty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate (鈥淐RE鈥�) lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the company, please visit .
About TCG AG真人官方 Estate
TCG AG真人官方 Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise AG真人官方ty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern AG真人官方ty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential.
About City National Bank of Florida
City National Bank of Florida (CNB) is the financial institution to which Floridians have turned for more than 75 years. Based in Miami, CNB is the second-largest financial institution in the state, with over 30 branches and nearly 1,000 employees. With more than
About East West Bank
East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
FAQ
What is the new size of SUNS credit facility after the expansion?
How much can SUNS credit facility potentially expand to?
What will Sunrise AG真人官方ty Trust (SUNS) use the credit facility proceeds for?
Who are the Joint Lead Arrangers for SUNS credit facility?
