debt
confidence high
sentiment positive
materiality 0.75
AFC renews senior secured credit facility with $100M expansion option, maturity extended to 2028
Advanced Flower Capital Inc.
- Credit facility renewed with lead commitment from FDIC-insured bank >$75B assets.
- Maturity extended to April 29, 2028; interest rate Prime + 0.50% with 6.50% floor.
- Facility includes accordion to expand to $100M, subject to lender participation.
- Proceeds to fund existing borrower commitments, new cannabis loans, and working capital.
- Amendment expands collateral to substantially all company and subsidiary assets.