Franchise Group has completed an agreement to acquire American Freight in an all cash transaction valued at approximately $450 million from an affiliate of The Jordan Company.
Great American Capital Partners provided a $200 million senior secured term loan to BJ Services, the operator of the third-largest pressure pumping fleet and the second largest oilfield cementing fleet in North America.
According to Bloomberg, in a dramatic last minute deal, Cyprus Capital Partners agreed to provide Sears Holding junior DIP financing, scuttling the company’s prior agreement with Great American Capital Partners.
According to Reuters, Sears Holdings is in the final stages of negotiations with Great American Capital Partners and other lenders for $350 million in bankruptcy financing. The funds would be used to keep retail locations open through the upcoming holiday season.
Great American Capital Partners entered into an agreement with Murray Energy to provide a $90 million senior secured FILO term loan.
Great American Capital Partners, a subsidiary of B. Riley Capital Management, provided a $20 million senior secured term loan to JAKKS Pacific.
Great American Capital Partners, a subsidiary of B. Riley Financial, closed an agreement with Legend Energy Services to provide a $25 million delayed draw senior secured term loan. Proceeds from the loan will be used to acquire machinery and equipment.
Great American Capital Partners and KKR Capital Markets have entered into an agreement with Sears Canada to provide a $222 million senior secured term loan.
To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.