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GOGL – Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean
GlobeNewswire News Room· 2025-06-20 20:30
Group 1 - CMB.TECH has identified a bank syndicate to refinance all or parts of the outstanding debt in Golden Ocean Group Limited [1] - A $2,000 million facilities agreement has been signed, which includes a term loan facility of up to $1,250 million and a revolving credit facility of up to $750 million [2] - The term loan facility is expected to be drawn during the second and third quarters of 2025 [3] Group 2 - The facilities agreement will become available following the completion of the planned merger between Golden Ocean and CMB.TECH, expected in Q3 2025 [2] - Golden Ocean acts as the borrower while CMB.TECH serves as the parent guarantor [2]
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
Globenewswire· 2025-05-29 20:05
Core Viewpoint - Sunrise Realty Trust, Inc. has expanded its senior secured revolving credit facility to $140 million with the addition of EverBank, enhancing its financial flexibility for growth opportunities in commercial real estate [1][3]. Group 1: Credit Facility Expansion - The credit facility now totals $140 million, with EverBank committing $50 million, and it remains expandable to $200 million under certain conditions [1][2]. - Proceeds from the credit facility will support unfunded commitments under existing loans, fund the commercial real estate loan pipeline, and provide general working capital [2]. Group 2: Company Strategy and Market Position - The expansion of the credit facility demonstrates the strength of the company's lending platform and the trust established with financing partners [3]. - The company focuses on transitional commercial real estate projects in the Southern United States, aiming for near-term value creation [4][5]. Group 3: Partner Institutions - EverBank's involvement signifies a commitment to providing customized loan structures that meet borrowers' specific needs [3][6]. - East West Bank, the original partner in the credit facility, is a significant player with total assets of $76 billion as of December 31, 2024 [7].