secwatch.observer — SEC 8-K summary
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Issuer:     Advanced Flower Capital Inc. (AFCG)
CIK:        0001822523
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001822523-24-000048
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Flower Capital enters $40M unsecured revolving credit facility with affiliate of Chairman
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822523/000182252324000048/0001822523-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822523/000182252324000048/afcg-20241217.htm
  HTML page:      https://secwatch.observer/filing/0001822523-24-000048

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