Advanced Flower Capital (AFCG) secures $20M unsecured revolving credit facility
Rhea-AI Filing Summary
Advanced Flower Capital Inc. entered into an unsecured revolving credit agreement with TCGSL LLC, providing a committed borrowing capacity of $20,000,000 that matures on August 1, 2028. The lender is indirectly wholly owned by Chairman Leonard M. Tannenbaum and related family trusts, making it an affiliate transaction.
Borrowings under the facility may be used for general corporate purposes, including portfolio investments, giving the company additional flexibility to fund its investment activities and operations through 2028.
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Insights
$20M unsecured affiliate credit line extends funding flexibility to 2028.
Advanced Flower Capital Inc. secured an unsecured revolving credit facility with a $20,000,000 aggregate commitment from TCGSL LLC, an affiliate controlled by the company’s Chairman. The facility matures on August 1, 2028, creating a multi-year source of committed liquidity.
Capital drawn can be used for general corporate purposes, including portfolio investments, which may support ongoing lending or investment activity. Because the lender is an affiliate, governance around pricing and terms becomes important, but specific economics are not detailed in the excerpt.
Overall, this is a capital-structure development rather than an immediate performance change. Its practical impact will depend on how much of the $20,000,000 commitment the company chooses to draw over the life of the facility.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement.
On January 27, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into an unsecured revolving credit agreement (the “Credit Agreement”) with TCGSL LLC, acting as agent and lender (in such capacity, the “Lender”). TCGSL LLC is indirectly wholly-owned by Leonard M. Tannenbaum, Chairman of the Company’s Board of Directors, and certain members of his immediate family and certain trusts for their benefit, and an affiliate of the Company within the meaning of that term as set forth in the Investment Company Act of 1940, as amended. The Credit Agreement provides for an aggregate commitment by the Lender of $20,000,000 and matures on August 1, 2028. Capital drawn by the Company pursuant to the Credit Agreement may be used for general corporate purposes, including portfolio investments.
The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, which is filed with this report as Exhibit 10.12 and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant
The information provided in Item 1.01 of this Current Report relating to the Credit Agreement is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being filed with this Current Report.
| Exhibit | Description | |
| 10.12 | Unsecured Revolving Credit Agreement, dated as of January 27, 2026, by and between the Company, as borrower, and TCGSL LLC, as lender and agent thereto. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ADVANCED FLOWER CAPITAL INC. | ||||
| Dated: | January 28, 2026 | By: | /s/ Brandon Hetzel | |
|
Brandon Hetzel Chief Financial Officer and Treasurer | ||||
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FAQ
What did Advanced Flower Capital Inc. (AFCG) announce in this 8-K?
How large is AFCG’s new credit facility and when does it mature?
Who is the lender under Advanced Flower Capital Inc.’s new credit agreement?
How can Advanced Flower Capital Inc. use the $20 million revolving credit facility?
Why is the AFCG credit agreement considered a related-party transaction?
Where can investors find the full terms of AFCG’s new credit facility?
