Advanced Flower Capital Commits $29M to $60M Loan for Healthcare Platform Acquisition
Advanced Flower Capital has committed $29 million to a $60 million senior secured term loan, funding $19.6 million at close for a four-year facility secured by borrower assets. Advanced Flower Capital holds approximately 49% of the loan financing a leading healthcare benefits platform acquisition targeting an underserved workforce segment.
1. Loan Commitment Details
Advanced Flower Capital has committed $29 million of a $60 million senior secured term loan, including $19.6 million funded at closing, under a four-year facility secured by a lien on all borrower assets. The company holds an approximate 49% stake in the loan syndicate.
2. Acquisition Financing
Proceeds from the credit facility will support the acquisition of a leading healthcare benefits platform offering comprehensive programs to a large, underserved workforce segment. Funding aims to enable the sponsor and management team to scale the platform’s reach and service offerings.
3. Strategic Implications
This transaction underscores Advanced Flower Capital’s expanded investment mandate following its conversion to a business development company earlier this year. It highlights the firm’s ability to deploy flexible institutional capital to middle-market sponsors, enhancing portfolio diversification and potential risk-adjusted returns.