Chicago Atlantic BDC, a specialty finance company that has elected to be regulated as a business development company (“BDC”), announced that the Company has closed a new $100 million senior secured revolving credit facility led by an FDIC-insured financial institution. The Credit Facility matures in March 2028 and bears interest at SOFR plus 3.00%.

Scott Gordon, Executive Chairman and Co-Chief Investment Officer of the Company, commented, “We are pleased to close this new Credit Facility and secure an attractive source of additional capital from an industry-leading banking partner. With no current debt outstanding, the Credit Facility provides us with significant liquidity and the flexibility to grow the Company’s portfolio as we seek to capitalize on the robust lending opportunities in the originations pipeline. We will continue to add investments to the portfolio in a disciplined manner and will take a prudent approach to balance sheet management, with a more conservative leverage profile than that of other BDCs.”

The closing of the Credit Facility marks another recent milestone in the development of the Company, following the Company’s announcement in December of a dividend of $0.34 per share for the quarter ending December 31, 2024, which represented a 36% increase from the $0.25 per share dividend for the quarter ended September 30, 2024.

Chicago Atlantic BDC, Inc. is the only publicly traded BDC primarily focused on the U.S. cannabis industry and also seeks to capitalize on opportunities in other niche or esoteric situations that are typically underserved by traditional sources of capital, with the goal of investing in uncorrelated, idiosyncratic credit opportunities with attractive risk adjusted returns.