The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Pathlight Capital Increases Term Loan Facility for B. Riley Receivables II, LLC to $198.7MM
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Lenders/Participants
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Pathlight Capital LLC [Administrative Agent]
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Structure
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$78.3MM Senior Secured Term Loan Upsize
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Amount
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$198.700
Million
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Borrower(s)
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Subsidiary of B. Riley Financial, Inc.
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Description
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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.
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Industry
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Retail
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| Related Tags |
B. Riley Financial, Pathlight Capital
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ABL Advisor
Deal Tables
2023
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