Advanced Flower Capital Amends Revolving Credit, Allows Temporary Increases to $130M

What Happened

• Advanced Flower Capital Inc. filed an 8-K on September 29, 2026 disclosing Amendment Number Ten to its Loan and Security Agreement (the original agreement dated April 29, 2022). The Tenth Amendment is dated September 25, 2026 and revises pricing and advance-rate conditions and changes the size of the company's revolving credit commitments for a specified period.
• Under the amendment, the aggregate revolving commitments can increase temporarily to a maximum revolver amount of $130 million by allowing up to $50 million of additional revolver commitments on a quarterly basis (the “Quarterly Temporary Increase Amount” and “Quarterly Temporary Increase Period”). At other times the revolver amount is $80 million.

Key Details

• Amendment Name/Date: Amendment Number Ten to the Loan and Security Agreement, dated September 25, 2026 (filed as Exhibit 10.9J).
• Base revolving commitment: $80 million when no temporary increase is in effect.
• Temporary increase: Up to $50 million added on a quarterly basis, lifting the maximum revolver to $130 million during a Quarterly Temporary Increase Period.
• Other changes: The amendment also sets conditions on the advance rate for credit facilities in the borrower base and revises the loan fee structure (details in the filed exhibit).

Why It Matters

• This amendment gives AFCG greater short-term borrowing flexibility by permitting temporary increases in the revolver up to $130M, which can be used for working capital, acquisitions, or other corporate needs without immediately raising permanent debt capacity.
• Changes to advance rates and fees affect the effective cost and availability of borrowing; investors should review the full amendment (Exhibit 10.9J) to understand any new limits, costs or covenant impacts.
• Because this is a material financing amendment, it could influence liquidity and capital structure decisions; monitor future disclosures for how the company uses the expanded capacity and any effects on cash flow or leverage.