Advanced Flower Capital Renews Senior Secured Revolving Credit Facility with Lead Commitment from FDIC-Insured Bank
Advanced Flower Capital (NASDAQ: AFCG) has successfully renewed its senior secured revolving credit facility with a leading commitment from an FDIC-insured bank holding over $75 billion in assets. The credit facility can be expanded to $100 million, subject to conditions, and matures on April 29, 2028. The facility bears interest at Prime + 0.50%, with a Prime floor of 6.50%.
AFC plans to utilize the facility to fund existing borrower commitments, originate new commercial loans to cannabis operators, and support working capital needs. This renewal represents a continuation of AFC's relationship with a significant banking partner, strengthening its financing capabilities in the cannabis sector.
Advanced Flower Capital (NASDAQ: AFCG) ha rinnovato con successo la sua linea di credito senior garantita con un'importante banca assicurata dalla FDIC che gestisce oltre 75 miliardi di dollari in attività. La linea di credito può essere estesa fino a 100 milioni di dollari, soggetta a determinate condizioni, e scade il 29 aprile 2028. Il tasso di interesse è pari a Prime + 0,50%, con un tasso minimo Prime del 6,50%.
AFC prevede di utilizzare questa linea di credito per finanziare gli impegni esistenti dei mutuatari, concedere nuovi prestiti commerciali agli operatori del settore cannabis e supportare le esigenze di capitale circolante. Questo rinnovo rappresenta la continuazione della collaborazione di AFC con un importante partner bancario, rafforzando le sue capacità di finanziamento nel settore della cannabis.
Advanced Flower Capital (NASDAQ: AFCG) ha renovado con éxito su línea de crédito senior garantizada con un banco líder asegurado por la FDIC que posee más de 75 mil millones de dólares en activos. La línea de crédito puede ampliarse hasta 100 millones de dólares, sujeta a ciertas condiciones, y vence el 29 de abril de 2028. La tasa de interés es Prime + 0,50%, con un mínimo Prime del 6,50%.
AFC planea utilizar la línea para financiar compromisos existentes de prestatarios, originar nuevos préstamos comerciales a operadores de cannabis y apoyar las necesidades de capital de trabajo. Esta renovación representa la continuación de la relación de AFC con un importante socio bancario, fortaleciendo sus capacidades de financiamiento en el sector del cannabis.
Advanced Flower Capital (NASDAQ: AFCG)는 FDIC 보험을 받은 자산 750억 달러 이상의 선도 은행과 함께 선순위 담보 회전 신용 한도를 성공적으로 갱신했습니다. 이 신용 한도는 조건에 따라 1억 달러까지 확장 가능하며, 만기는 2028년 4월 29일입니다. 이 시설의 이자율은 프라임 + 0.50%이며, 프라임 최저 이율은 6.50%입니다.
AFC는 이 신용 한도를 기존 차입자 약속 이행, 대마초 운영자 대상 신규 상업 대출 개시, 그리고 운전자본 지원에 활용할 계획입니다. 이번 갱신은 AFC가 주요 은행 파트너와의 관계를 지속하며 대마초 부문에서 자금 조달 역량을 강화하는 것을 의미합니다.
Advanced Flower Capital (NASDAQ: AFCG) a renouvelé avec succès sa facilité de crédit renouvelable senior garantie auprès d'une banque de premier plan assurée par la FDIC, détenant plus de 75 milliards de dollars d'actifs. La facilité de crédit peut être portée à 100 millions de dollars, sous réserve de conditions, et arrive à échéance le 29 avril 2028. Le taux d'intérêt est de Prime + 0,50 %, avec un plancher Prime de 6,50 %.
AFC prévoit d'utiliser cette facilité pour financer les engagements existants des emprunteurs, accorder de nouveaux prêts commerciaux aux opérateurs de cannabis et soutenir les besoins en fonds de roulement. Ce renouvellement représente la poursuite de la relation d'AFC avec un partenaire bancaire majeur, renforçant ses capacités de financement dans le secteur du cannabis.
Advanced Flower Capital (NASDAQ: AFCG) hat seine besicherte revolvierende Kreditfazilität erfolgreich mit einer führenden FDIC-versicherten Bank mit über 75 Milliarden Dollar an Vermögenswerten erneuert. Die Kreditfazilität kann unter bestimmten Bedingungen auf 100 Millionen Dollar erweitert werden und läuft am 29. April 2028 ab. Der Zinssatz beträgt Prime + 0,50%, mit einem Prime-Floor von 6,50%.
AFC plant, die Fazilität zu nutzen, um bestehende Kreditnehmerverpflichtungen zu finanzieren, neue Geschäftskredite an Cannabis-Betreiber zu vergeben und den Betriebskapitalbedarf zu unterstützen. Diese Erneuerung stellt eine Fortsetzung der Partnerschaft von AFC mit einem bedeutenden Bankpartner dar und stärkt seine Finanzierungsmöglichkeiten im Cannabissektor.
- Secured credit facility renewal with a major FDIC-insured bank ($75B+ assets)
- Potential expansion capacity up to $100 million
- Extended maturity to April 2028 provides long-term financing stability
- Competitive interest rate at Prime + 0.50%
- Interest rate floor of 6.50% could impact borrowing costs in a lower rate environment
WEST PALM BEACH, Fla., May 02, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (NASDAQ: AFCG) (“AFC”) today announced that it has renewed its senior secured revolving credit facility (“Credit Facility”) with a lead commitment from an FDIC-insured bank with over
The Credit Facility, which includes the ability to expand to
“We are pleased to renew our senior secured credit facility with a long-standing banking partner of this scale. This facility plays a central role in how we finance the business, and we look forward to continuing to build on this strong relationship as we pursue additional commitments over time,” said Brandon Hetzel, AFC’s Chief Financial Officer.
About Advanced Flower Capital Inc.
Advanced Flower Capital Inc. (NASDAQ: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. All statements, other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements regarding the anticipated use of the Credit Facility are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio, and implement our investment strategy, the demand for cannabis cultivation and processing facilities and dispensaries, management’s current estimates of expected credit losses and current expected credit loss reserves, and other factors, could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in AFC’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of AFC’s most recently filed Annual Report on Form 10-K and subsequent filings. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect AFC. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
ir@advancedflowercapital.com
Media Contact
Collected Strategies
Jim Golden / Jack Kelleher
AFCG-CS@collectedstrategies.com
FAQ
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