STAT Acquisition Financed by $60M Credit Facility

AFC’s subsidiary TCGDL LLC closed a $60 million senior secured credit facility to support the merger of STAT Buyer, LLC’s STAT business with The Moresby Group. The facility is described as a five-year term and is intended to fund the acquisition, refinance existing debt, and provide working capital for the combined businesses.

The financing backs a strategic combination of STAT’s revenue recovery technology with Moresby’s procurement expertise, aimed at delivering supply chain technology solutions for large enterprise customers. AFC CEO Daniel Neville highlighted the growth potential from the partnership.