debt
confidence high
sentiment neutral
materiality 0.55
Advanced Flower Capital Inc. (AFCG): debt financing — Advanced Flower Capital enters $20M unsecured revolving credit agreement with affiliate TCGSL LLC
Advanced Flower Capital Inc.
- Credit agreement provides $20M aggregate commitment, matures August 1, 2028.
- Lender TCGSL LLC is indirectly wholly owned by Chairman Leonard M. Tannenbaum and his family.
- Proceeds used for general corporate purposes including portfolio investments.
- Interest rate is 8.5% per annum payable in cash in arrears.