debt
confidence high
sentiment neutral
materiality 0.60
Advanced Flower Capital enters $40M unsecured revolving credit facility with affiliate of Chairman
Advanced Flower Capital Inc.
- $40M commitment from AFC Finance, LLC, wholly owned by Chairman Leonard M. Tannenbaum.
- Interest rate of 8.00% per annum, payable in cash in arrears.
- Facility matures on Dec 31, 2025 or upon closing of any refinancing of at least $40M.
- Borrower may borrow, repay, and reborrow subject to conditions.
- Related-party transaction with an affiliate of the Chairman.