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Great American Capital Partners Provides $25MM Credit Facility to Greene’s Energy Group, LLC

September 13, 2017, 08:00 AM
Filed Under: Energy

Great American Capital Partners, LLC, a wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), has entered into an agreement with Greene’s Energy Group, LLC to provide a $25 million senior secured credit facility.

“We are pleased to work with Greene’s Energy Group on their operational plans. GACP remains committed to working with quality energy services companies to provide thoughtful solutions and access to needed capital. We are very excited about this partnership,” said Bob Louzan, Managing Director at GACP.

“The loan from GACP has allowed Greene’s to completely refinance its existing debt, as well as provide Greene’s liquidity for expanded operations in the Permian, Eagle Ford, Northeast, and Gulf of Mexico,” said Frank Mathews, Greene’s President and Chief Operating Officer.

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