UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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.
Item 1.01 Entry into a Material Definitive Agreement.
On January 27, 2026, Advanced Flower Capital Inc., a Maryland corporation (the “Company”), entered into an unsecured revolving credit agreement (the “Credit Agreement”) with TCGSL LLC, acting as agent and lender (in such capacity, the “Lender”). TCGSL LLC is indirectly wholly-owned by Leonard M. Tannenbaum, Chairman of the Company’s Board of Directors, and certain members of his immediate family and certain trusts for their benefit, and an affiliate of the Company within the meaning of that term as set forth in the Investment Company Act of 1940, as amended. The Credit Agreement provides for an aggregate commitment by the Lender of $20,000,000 and matures on August 1, 2028. Capital drawn by the Company pursuant to the Credit Agreement may be used for general corporate purposes, including portfolio investments.
The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, which is filed with this report as Exhibit 10.12 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 Credit Agreement 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 | Description | |
| 10.12 | Unsecured Revolving Credit Agreement, dated as of January 27, 2026, by and between the Company, as borrower, and TCGSL LLC, as lender and agent 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. | ||||
| Dated: | January 28, 2026 | By: | /s/ Brandon Hetzel | |
|
Brandon Hetzel Chief Financial Officer and Treasurer | ||||
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