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AFC Provides $60 Million Senior Secured Credit Facility to Support the Combination of STAT Recovery Services and The Moresby Group
Globenewswire· 2026-02-05 13:00
Core Insights - AFC's subsidiary TCGDL LLC has secured a $60 million senior secured credit facility for STAT Buyer, LLC, to facilitate the acquisition of STAT and The Moresby Group, aimed at creating a leading revenue and cost optimization platform [1][2][3] Group 1: Transaction Details - The credit facility will finance the acquisition, refinance existing debt, and provide working capital for the combined entity [1] - The facility consists of a first-lien term loan secured by all assets of the borrower and has a five-year term [3] Group 2: Company Profiles - STAT is a revenue recovery specialist utilizing machine learning to recover unclaimed revenue for suppliers in the Walmart, Target, and Amazon ecosystems [2][6] - The Moresby Group specializes in procurement optimization, helping Fortune 1000 enterprises achieve cost savings through supplier negotiations [2][7] Group 3: Strategic Importance - The combination of STAT's technology and Moresby's procurement expertise aims to deliver comprehensive solutions for large enterprise customers, enhancing revenue recovery and cost optimization [2][3] - AFC emphasizes its capability to provide flexible capital to sponsor-backed companies with strong growth potential in the supply chain technology sector [2]