The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Advanced Flower Capital Provides $42MM Credit Facility to Nature’s Medicines
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Lenders/Participants
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Advanced Flower Capital [Lead Arranger, Administrative Agent]
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Structure
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Credit Facility
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Amount
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$42.000
Million
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Borrower(s)
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Nature's Medicines
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Description
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The credit facility is designed to streamline Nature’s Medicines’ capital structure and support its expansion initiatives, which include growth in its home state of Arizona and significant expansion into the Michigan market. An Advanced Flower Capital affiliate will hold $32 million of the credit facility, with the remaining $10 million syndicated to a third party. The financing facility consists of a first-lien term loan that can be drawn upon over the course of a one-year period. The loan will be secured by first-lien mortgages on Nature’s Medicines’ wholly owned properties and other commercial-security interests.
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Industry
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Cannabis
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Location
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FL
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| Related Tags |
Advanced Flower Capital, Cannabis
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ABL Advisor
Deal Tables
2024
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