AFC announced that it has committed $29M to a $60M senior secured term loan. The proceeds from the credit facility, including $19.6M funded by AFC at close, will be used to finance the acquisition of a leading healthcare benefits platform. The credit facility is secured by a lien on all assets of the borrower and has a four-year term. AFC holds approximately 49% of the total facility.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFCG:
- AFC provides $50M senior secured credit facility to STAT buyer
- AFC Gamma Secures $20 Million Related-Party Credit Facility
- AFC Gamma Amends Loan Agreement After BDC Conversion
- AFC Gamma Completes Strategic Conversion to BDC Structure
- Advanced Flower Capital completes conversion to business development company