Great American Capital Partners Provides $90 Million Senior Secured FILO Term Loan to Murray Energy Corp.
September 18 2018 - 9:00AM
Great American Capital Partners, LLC (“GACP”), a specialty
finance company which originates and underwrites senior secured
loans, announced it has entered into an agreement with Murray
Energy Corp. to provide a $90 million senior secured FILO
term loan. Financing for the loan is being provided through funds
managed by GACP. The loan was part of the company’s previously
announced capital restructuring and will provide additional
liquidity to the business.
Founded in 1988, Murray Energy Corp. is the largest
privately-owned coal company in the US and produces bituminous coal
primarily used in power generation.
“We are very pleased to work with Murray Energy and provide a
financing solution that meets their capital needs and provides
liquidity for the recapitalized business,” said John Ahn,
President of GACP. “This transaction is another example of GACP’s
interest and ability to creatively provide solutions in the energy
sector.”
"Murray Energy is excited to work with GACP,” said Robert Moore,
Executive Vice President, Chief Operating Officer, and Chief
Financial Officer of Murray Energy. “The GACP team has a
thorough understanding our business and this loan will enable us to
strengthen our position in the global marketplace.”
For more information about GACP, visit
www.gacapitalpartners.com.
About Great American Capital Partners,
LLCGreat American Capital Partners (GACP) originates
and underwrites senior secured loans across a wide array of
industries and is dedicated to providing opportunistic and
responsive capital to the underserved middle market.
About B. Riley Financial, Inc.B. Riley
Financial provides collaborative financial services and
solutions tailored to fit the capital raising and financial
advisory needs of public and private companies and high net worth
individuals. The company operates through several wholly-owned
subsidiaries, including B. Riley FBR, a full-service
investment bank and institutional brokerage; Great American
Group, a leading provider of asset disposition, appraisal,
corporate advisory and valuation services; GlassRatner, a
specialty financial advisory services and consulting firm; B.
Riley Wealth Management, B. Riley Asset
Management and B. Riley Alternatives, which offer
investment management to institutional and high net worth
investors; Great American Capital Partners, which originates
and underwrites senior secured loans for asset-rich companies;
and B. Riley Principal Investments, which invests in or
acquires companies and assets with attractive return profiles.
Media Contact:Jo Anne McCuskerMedia
Relationsjmccusker@brileyfin.com(646) 885-5425
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