Daily News: September 13, 2017

Great American Provides $25MM Facility to Greene’s Energy Group

Great American Capital Partners, a wholly owned subsidiary of B. Riley Financial, closed an agreement with Greene’s Energy Group to provide a $25 million senior secured credit facility.

“We are pleased to work with Greene’s Energy Group on their operational plans. GACP remains committed to working with quality energy services companies to provide thoughtful solutions and access to needed capital. We are very excited about this partnership,” said Bob Louzan, managing director at GACP.

“The loan from GACP has allowed Greene’s to completely refinance its existing debt, as well as provide Greene’s liquidity for expanded operations in the Permian, Eagle Ford, Northeast and Gulf of Mexico,” said Frank Mathews, Greene’s president and COO.

Green’s Energy Group is an oilfield services company.