07:51 AM EDT, 08/26/2024 (MT Newswires) -- Flow Capital ( AHFCF ) said on Monday that it signed a loan agreement with TBK Bank (Triumph) for a revolving committed credit facility of up to US$15 million.

The venture debt lender plans to use the funds to finance additional investments and for general operating and corporate purposes.

"Partnering with Triumph marks a significant milestone for Flow Capital ( AHFCF )," Flow Capital ( AHFCF ) CEO Alex Baluta said. "We are thrilled that Triumph has the confidence in our track record, processes, team, and overall strategy, to partner with us."

The credit facility has a term of 36 months, with monthly interest payments to be made on the outstanding balance of the loan, which is secured against all present and after-acquired property of the company.

"This warehouse-type credit facility will help us maintain our steady pace of deployment, while our priority remains raising funds through our redeemable floating rate debentures, which will continue to be our primary funding source," Baluta said.

Flow was trading near its 52-week high on Friday at $0.67.