AFC's subsidiary closed a $60 million credit facility to merge STAT and Moresby, enhancing supply chain technology solutions.
Quiver AI Summary
AFC announced that its subsidiary TCGDL LLC has secured a $60 million senior secured credit facility for STAT Buyer, LLC, a holding company owned by Cambridge Capital, aimed at merging STAT and The Moresby Group. The financing will support the acquisition, refinance existing debt, and provide working capital for the combined businesses. This strategic move combines STAT’s revenue recovery technology with Moresby’s procurement expertise, enhancing solutions for large enterprise customers. AFC’s CEO, Daniel Neville, expressed excitement over the partnership and the potential for growth in the supply chain technology sector. The credit facility carries a five-year term and reflects AFC's commitment to providing flexible capital to sponsor-backed companies.
Potential Positives
- AFC has secured a $60 million senior secured credit facility, demonstrating its ability to provide significant financing solutions and leverage its institutional capital.
- The financing supports the strategic acquisition of STAT by The Moresby Group, indicating AFC's role in facilitating growth and consolidation in the supply chain technology sector.
- The transaction combines STAT’s advanced revenue recovery technology with Moresby’s procurement expertise, creating a comprehensive solution for enterprise customers and showcasing the potential for enhanced client services.
- The credit facility has a five-year term, reflecting AFC's commitment to long-term partnerships and stability in financing arrangements.
Potential Negatives
- The announcement involves a significant debt obligation of $60 million, which may raise concerns about the company's leverage and ability to manage debt effectively.
- Forward-looking statements indicate reliance on uncertain factors for future growth, implying potential volatility and risks associated with achieving projected outcomes.
- There is no specific mention of how the acquisition will immediately impact revenue or profitability, leaving unclear the potential short-term financial implications for AFC.
FAQ
What is the purpose of the $60 million credit facility?
The credit facility will finance the acquisition, refinance existing debt, and provide working capital for the combined entity of STAT and Moresby.
Who controls STAT Buyer, LLC?
STAT Buyer, LLC is controlled by Cambridge Capital, which facilitates the combination of its portfolio company STAT with The Moresby Group.
What technology does STAT utilize for revenue recovery?
STAT leverages machine-learning enabled technology to recover unclaimed revenue for suppliers from system errors and invoice issues.
What services does The Moresby Group provide?
The Moresby Group specializes in long-tail procurement optimization, helping Fortune 1000 companies reduce costs through targeted supplier negotiations.
How does AFC support sponsor-backed companies?
AFC provides flexible, institutional capital to sponsor-backed companies with strong value propositions and significant growth potential in supply chain technology.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AFCG Insider Trading Activity
$AFCG insiders have traded $AFCG stock on the open market 19 times in the past 6 months. Of those trades, 19 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $AFCG stock by insiders over the last 6 months:
- LEONARD M TANNENBAUM has made 14 purchases buying 1,171,295 shares for an estimated $4,965,291 and 0 sales.
- DANIEL NEVILLE (Chief Executive Officer) has made 3 purchases buying 39,388 shares for an estimated $143,172 and 0 sales.
- ROBYN TANNENBAUM (President and CIO) has made 2 purchases buying 6,000 shares for an estimated $24,720 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AFCG Revenue
$AFCG had revenues of $-3.2M in Q3 2025. This is a decrease of -174.67% from the same period in the prior year.
You can track AFCG financials on Quiver Quantitative's AFCG stock page.
$AFCG Hedge Fund Activity
We have seen 33 institutional investors add shares of $AFCG stock to their portfolio, and 33 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 257,910 shares (-15.9%) from their portfolio in Q3 2025, for an estimated $987,795
- MORGAN STANLEY removed 78,843 shares (-36.3%) from their portfolio in Q3 2025, for an estimated $301,968
- ACADIAN ASSET MANAGEMENT LLC removed 74,748 shares (-37.4%) from their portfolio in Q3 2025, for an estimated $286,284
- ADVISORSHARES INVESTMENTS LLC removed 67,446 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $258,318
- D. E. SHAW & CO., INC. removed 67,280 shares (-30.3%) from their portfolio in Q3 2025, for an estimated $257,682
- PRUDENTIAL FINANCIAL INC removed 66,800 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $255,844
- OSAIC HOLDINGS, INC. added 56,032 shares (+1770.4%) to their portfolio in Q3 2025, for an estimated $214,602
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
WEST PALM BEACH, Fla., Feb. 05, 2026 (GLOBE NEWSWIRE) -- AFC today announced that its wholly owned subsidiary TCGDL LLC has closed a $60 million senior secured credit facility to STAT Buyer, LLC, a holding company controlled by Cambridge Capital (“Cambridge”), formed to facilitate the combination of its existing portfolio company STAT with The Moresby Group (“Moresby”). The proceeds from the credit facility will be used to finance the acquisition, refinance existing debt, and provide working capital to support the growth of the combined entity.
“We are excited to support Cambridge and the management teams of STAT and Moresby in this transformative transaction. This combination brings together STAT’s machine-learning enabled revenue recovery technology with Moresby’s specialized procurement negotiation expertise, creating a comprehensive solution for large enterprise customers,” said Daniel Neville, Chief Executive Officer of AFC. “This transaction underscores our ability to provide flexible, institutional capital to sponsor-backed companies with strong value propositions and significant growth potential in the supply chain technology sector.”
STAT, based in Bentonville, Arkansas, is a leading revenue recovery specialist serving CPG companies within the Walmart, Target, and Amazon ecosystems. Utilizing a proprietary framework and machine learning, STAT recovers unclaimed revenue for suppliers caused by system errors and invoice complications. Moresby, based in Toronto, is a procurement specialist focused on rapid cost savings for Fortune 1000 enterprises through long-tail supplier negotiation.
“We are pleased to partner with AFC on this financing that helped bring these two complementary businesses together,” said Benjamin Gordon, Managing Partner of Cambridge Capital. “The speed with which AFC was able to execute and the team's professionalism made the process seamless and efficient. We look forward to leveraging the combined strengths of STAT and Moresby to deliver material revenue and cost optimization for their clients.”
AFC holds the full $60 million credit facility, which consists of a first-lien term loan secured by all assets of the borrower. The facility has a five-year term.
About AFC
AFC (Nasdaq: AFCG) is a publicly traded business development company that provides flexible credit solutions to lower middle market companies. The company primarily originates, structures, invests and manages direct senior debt investments typically ranging from $10 to $100 million. The company seeks to maximize risk-adjusted returns for its stockholders with an opportunistic approach across all industries. AFC is headquartered in West Palm Beach, Florida. For additional information regarding the company, please visit advancedflowercapital.com .
About Cambridge Capital
Cambridge Capital is an investment firm focused on the supply chain sector. The firm provides private equity to finance the expansion, recapitalization, or acquisition of growth companies in transportation, logistics, and supply chain technology. Cambridge partners with management teams to drive operational improvement and long-term value creation. For additional information, visit http://cambridgecapital.com .
About STAT
STAT is a leading, technology-enabled revenue recovery platform helping retail suppliers maximize recoveries and reduce unwarranted deductions from major retailers including Walmart, Target, and Amazon. Through proprietary software, automation, and deep industry expertise, STAT delivers industry-leading recovery rates while minimizing operational burden for customers. For additional information, visit http://statrecovery.com .
About The Moresby Group
The Moresby Group is a category-defining specialist in long-tail procurement optimization, helping Fortune 1000 enterprises reduce costs and improve working capital through targeted supplier negotiations. Founded by McKinsey procurement alumni, Moresby combines proprietary analytics, AI-enabled tools, and elite execution to deliver rapid, measurable results for enterprise clients. For additional information, visit http://moresbygroup.com .
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio and implement our investment strategy; and other factors could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in AFC’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of AFC’s most recently filed periodic reports on Form 10-K, Form 10-Q and subsequent filings. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect AFC. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact
Robyn Tannenbaum
561-510-2293
[email protected]
