GA Global Partners will conduct a live virtual public auction of the assets of Steel Partners on June 4. GA Global Partners is conducting the auction by order of the U.S. Bankruptcy Court in the District of Nevada.
According to an 8K, Bank of America is the administrative agent for an amended credit agreement for Babcock & Wilcox. In addition, B. Riley Financial provided $30 million of new tranche A last-out term loans and committed to provide additional last-out term loans to B&W.
Barneys New York has secured approximately $218 million in new financing from Brigade Capital Management and B. Riley Financial to facilitate a going concern sale process.
B. Riley Financial added Myles Scott to B. Riley Wealth Management as senior vice president and Michael McConnell to B. Riley FBR as managing director, Investment Banking.
B. Riley FBR, a full service investment bank and wholly-owned subsidiary of B. Riley Financial, has entered into a credit agreement with Babcock & Wilcox Enterprises, a global supplier of energy and environmental technologies and services which has been in operation for more than 150 years. B. Riley FBR served as lead arranger for a $150 million secured financing via a last out term loan for B&W.
Great American Group Advisory & Valuation Services promoted Jennie Kim to managing director of the firm’s appraisal business.
Great American Capital Partners entered into an agreement with Eleven James to provide a $20 million senior secured term loan.
B. Riley Financial promoted Perry Mandarino to the newly created position of senior managing director, head of Corporate Finance.