AFC Expands Revolving Credit Facility by $30M

Advanced Flower Capital (AFC) expanded its senior secured revolving credit facility to $80 million, adding a $30 million commitment from the facility’s lead arranger, an FDIC-insured bank with over $75 billion of assets.

AFC plans to use availability under the credit facility to fund commitments to existing borrowers, originate and participate in commercial loans to U.S. lower middle-market companies, and support working capital and other general corporate purposes. The facility remains expandable to $100 million, subject to lender participation and available borrowing base.