B. Riley Financial Establishes Receivables Division

B. Riley Financial established a receivables business to provide debt monetization solutions and portfolio acquisition services for its clients. In connection with the formation of this new division, B. Riley Financial also purchased a portfolio of performing credit receivables from W.S. Badcock.

December 22, 2021 B. Riley Financial | Bryant Riley | Choate Hall & Stewart | Franchise Group | Hudson Cook | W.S. Badcock | Willkie Farr & Gallagher Ian Koplin

SLR Credit Solutions Provides $25MM Term Loan to bebe stores

bebe stores entered into a credit agreement providing for a five-year senior secured term loan of $25 million with an additional drawdown capacity of up to $10 million with SLR Credit Solutions. bebe stores will use proceeds of the financing to retire its existing secured term loan of $22 million.

August 27, 2021 bebe stores | Cheryl Carner | Franchise Group | Manny Mashouf | SLR Credit Solutions Phil Neuffer

Wingspire Funds $60MM Senior Secured Financing for Franchise Group

Wingspire Capital funded a $60 million senior secured working capital facility for Franchise Group, an owner and operator of franchised retail stores.

October 29, 2020 Franchise Group | James Garlick | Wingspire Capital Ellie Delany

Citizens Leads $125MM Credit Facility for Franchise Group

Citizens is the lead left arranger of a $125 million asset-based loan for Virginia Beach, VA-based Franchise Group. This transaction refinances an existing asset-based loan for two of Franchise Group’s businesses.

September 30, 2020 Brian Kahn | Citizens | Franchise Group | Jaime Ward Phil Neuffer

Franchise Group to Provide $25MM DIP to Tuesday Morning

Franchise Group is providing Tuesday Morning with a $25 million debtor-in-possession loan as part of its bankruptcy proceedings.

July 13, 2020 Chapter 11 | Franchise Group | Tuesday Morning Phil Neuffer