Advanced Flower Capital raises loan limit to $130M temporarily
Outside temporary-increase periods, the facility's aggregate revolving commitments and maximum revolver amount automatically reduce to $80 million.
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Form Type
8-K
Rhea-AI Filing Summary
Advanced Flower Capital Inc. (AFCG) entered into the Tenth Amendment to its Loan and Security Agreement on September 25, 2026. For a specified period, the amendment increases aggregate revolver commitments to $130 million, through quarterly increases of up to $50 million.
During a Quarterly Temporary Increase Period, aggregate commitments and the maximum revolver amount automatically reduce to $80 million plus the Quarterly Temporary Increase Amount, capped at $130 million. At other times, including when a temporary-increase period expires, both automatically reduce to $80 million. The amendment also sets conditions for advance rates against credit facilities in the borrower base and revises the loan-fee structure.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Aggregate revolver commitments: $130 million
Quarterly increase in revolver commitments: Up to $50 million
Commitments and maximum revolver amount outside temporary-increase periods: $80 million
3 metrics
Aggregate revolver commitments
$130 million
For a specified temporary-increase period
Quarterly increase in revolver commitments
Up to $50 million
On a quarterly basis during the temporary-increase arrangement
Commitments and maximum revolver amount outside temporary-increase periods
$80 million
Including upon expiration of a Quarterly Temporary Increase Period
Key Terms
advance rate, borrower base, Quarterly Temporary Increase Amount, Quarterly Temporary Increase Period
4 terms
advance rate financial
"conditions for the advance rate against credit facilities in the borrower base"
The advance rate is the percentage of an asset’s appraised or stated value that a lender is willing to loan against, commonly used for receivables, inventory, or property. For investors it shows how much immediate cash a company can raise from its assets — like the share of value a pawnbroker will lend you — and affects liquidity, borrowing capacity and perceived credit risk.
borrower base financial
"credit facilities in the borrower base"
Quarterly Temporary Increase Amount financial
"such increase, the “Quarterly Temporary Increase Amount”"
Quarterly Temporary Increase Period financial
"such period, the “Quarterly Temporary Increase Period”"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AFCG's Tenth Amendment change?
The amendment increases aggregate revolver commitments for a specified period to $130 million, consisting of increases of up to $50 million on a quarterly basis. It also changes advance-rate conditions for credit facilities in the borrower base and revises the loan-fee structure.
When do AFCG's revolver commitments reset to $80 million?
The aggregate commitments and maximum revolver amount automatically reduce to $80 million outside a Quarterly Temporary Increase Period, including when a period expires. During such a period, they are $80 million plus the Quarterly Temporary Increase Amount, capped at $130 million.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 2026
(Exact name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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).
Emerging growth company ☒
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. ☐
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Item 1.01 Entry into a Material Definitive Agreement
Amendment to Loan and Security Agreement
On September 25, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into Amendment Number Ten to the Loan and Security Agreement (the “Tenth Amendment”), dated as of April 29, 2022 (as amended, supplemented or otherwise modified from time to time, including by the Tenth Amendment), by and among the Company, as a borrower, the other borrowers party thereto, the lenders party thereto and the lead arranger, bookrunner and administrative agent party thereto. The Tenth Amendment, among other things, set certain conditions for the advance rate against credit facilities in the borrower base, revised the loan fee structure and increased, for a specified period of time, the aggregate revolver commitments under the facility to $130 million, consisting of an increase in revolver commitments of up to $50 million on a quarterly basis (such increase, the “Quarterly Temporary Increase Amount”, and such period, the “Quarterly Temporary Increase Period”). The aggregate revolving commitments and the maximum revolver amount under the facility will automatically be reduced to (i) during any Quarterly Temporary Increase Period, $80 million plus the Quarterly Temporary Increase Amount not to exceed a maximum revolver amount of $130 million, and (ii) at any other time, including upon the expiration of any Quarterly Temporary Increase Period, $80 million.
The foregoing description of the Tenth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of Tenth Amendment, which is filed with this report as Exhibit 10.9J 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 Tenth Amendment 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 No. | Description | |||||||
10.9J | Amendment Number Ten to the Loan and Security Agreement, dated as of September 25, 2026, by and among the Company, as borrower, the lenders party thereto, and the lead arranger, bookrunner and administrative agent party 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. | ||||||||
| By: | /s/ Brandon Hetzel | |||||||
| Brandon Hetzel | ||||||||
| Chief Financial Officer and Treasurer | ||||||||
| Date: September 29, 2026 | ||||||||
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