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Pathlight Capital Increases Term Loan Facility for B. Riley Receivables II, LLC to $198.7MM
Monday, February 6, 2023

Lenders/Participants Pathlight Capital LLC [Administrative Agent]
Structure $78.3MM Senior Secured Term Loan Upsize
Amount $198.700 Million
Borrower(s) Subsidiary of B. Riley Financial, Inc.
Description The closing of a $78.3MM upsize to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation. The closing of the Upsize Facility on January 12, 2023, results in a $198.7MM total Credit Facility.
Industry Retail
Related Tags B. Riley Financial, Pathlight Capital

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