debt
confidence high
sentiment neutral
materiality 0.30
AFCG amends loan facility: temporary revolver boost to $130M, base stays $80M, new fees
Advanced Flower Capital Inc.
- Amendment Number Ten to the April 29, 2022 Loan and Security Agreement adds quarterly temporary revolver increases of up to $50M, lifting aggregate commitments to $130M from $80M.
- Maximum Revolver Amount reverts to $80M outside any Quarterly Temporary Increase Period; Available Increase Amount cut to $0.
- Each increase period starts 10 days before quarter-end and ends 20 days after; first runs Sept 20-Oct 20, 2026 for the quarter ending Sept 30, 2026.
- Loan fee: 0.25% per annum on commitments plus 1/12 of 0.50% on the Quarterly Increase Amount, earned and payable before each period begins.
- AFCG TRS1, LLC signed a Reaffirmation and Agreement of Guaranty; borrowers are Advanced Flower Capital Inc. and TCGDL LLC. CFO Brandon Hetzel signed.