Gordon Brothers provided Academy Bus a $72.5 million credit facility to support the bus company’s growing business. The facility will support Academy Bus’s debt refinancing and continued growth to meet commuter demand as transportation service returns to pre-pandemic levels.
FaZe Clan, an esports and entertainment company, entered into a definitive merger agreement to combine with B. Riley Principal 150 Merger (BRPM), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial.
Tim Sullivan joined B. Riley Financial as head of fixed income with B. Riley Securities. Andy Moore, CEO of B. Riley Securities, will be leading the expansion of the firm’s fixed income division in coordination with Sullivan.
Cadiz closed a long-term, $50 million, 7% senior secured credit facility agented by B. Riley Securities, completing a $107.5 million financing package that has enabled Cadiz to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities.
AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.
Bank of America provided an $80 million senior secured asset-backed credit facility and TCW Asset Management provided a $130 million term loan facility to support footwear manufacturer Rocky Brands’ acquisition of the performance and lifestyle footwear business of Honeywell International.
Monroe Capital Corporation closed a public offering of $130 million aggregate principal amount of 4.75% notes due 2026. Raymond James & Associates acted as book-running manager for this offering.