By Wendy Van Sickle
Columbus, Ohio, Oct. 28 – AFC Gamma, Inc. priced $100 million of 5¾% senior notes due May 1, 2027, according to a press release.
The notes will be distributed via Rule 144A and Regulation S.
Proceeds will be used to fund loans related to unfunded commitments to existing borrowers, to originate and participate in commercial loans to companies operating in the cannabis industry that are consistent with its investment strategy, and for working capital and other general corporate purposes.
West Palm Beach, Fla.-based AFC Gamma is a commercial real estate finance company.
| Issuer: | AFC Gamma, Inc.
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity date: | May 1, 2027
|
| Coupon: | 5¾%
|
| Pricing date: | Oct. 28
|
| Issue date: | Nov. 3
|
| Distribution: | Rule 144A and Regulation S
|
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