Unique Fabricating’s bank lenders have agreed to certain amendments to its existing credit facility, including allowing the company to raise up to $4 million of additional debt financing.
According to B. Riley’s recently released retail industry monitor, with limited year-to-date retail bankruptcy filings and the holiday shopping season on the horizon, retail bankruptcy activity should remain low through the balance of 2021 but will return to typical levels in 2022.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Babcock & Wilcox Enterprises amended its credit agreement to comprehensively refinance its debt in advance of its March 15, 2020 requirement.
iPass, a provider of global mobile connectivity, finalized a senior secured credit facility of up to $20 million from affiliates of funds managed by affiliates of Fortress Investment Group.
B. Riley FBR served as the exclusive financial advisor to Pacifica Foods in its sale to Wind Point Partners. Terms of the transaction, which closed December 6, 2017, were not disclosed.
B. Riley served as financial advisor to guitar-maker Gibson Brands for a $185 million refinancing. Bank of America served as administrative agent for a domestic ABL facility, while GSO Capital agented an international term loan.
B. Riley promoted Andy Moore to president, where he will be responsible for the operations of the firm’s brokerage business. The firm also hired Jon Merriman as senior managing director and head of Capital Markets.