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AFC Commits $29 Million to a Senior Term Loan for a Sponsor Acquisition
Globenewswire· 2026-02-10 13:00
Group 1 - AFC has committed $29 million to a $60 million senior secured term loan to finance the acquisition of a leading healthcare benefits platform [1][2] - The credit facility is secured by a lien on all assets of the borrower and has a four-year term, with AFC holding approximately 49% of the total facility [2] - The healthcare benefits platform targets a large and underserved segment of the workforce, showcasing AFC's ability to provide flexible capital following its conversion to a BDC [2] Group 2 - AFC is a publicly traded business development company that provides flexible credit solutions to lower middle market companies, focusing on direct senior debt investments typically ranging from $10 million to $100 million [3] - The company aims to maximize risk-adjusted returns for its stockholders with an opportunistic approach across all industries [3] - AFC is headquartered in West Palm Beach, Florida, and more information can be found on its website [3]