BofA Agents $1B Facility to Support Ritchie Bros. Acquisition

Richie Bros. Auctioneers closed a $1 billion credit facility to partially fund its IronPlanet acquisition and provide the company with enhanced financial flexibility. Bank of America served as administrative agent.

Ritchie Pays $27MM to Acquire Online Equipment Listing Firm

Richie Bros. has acquired Mascus International Holding, a global online equipment listing service. Ritchie paid $26.6 million for 100% of the equity in Mascus.