Tag Archives: B. Riley % Co.

DRC Announces HPTi Acquisition Financing: Ares Capital to Buy Debt, BofA to Lead Credit Facility

Securities broker dealer B. Riley & Co., LLC has arranged for Ares Capital Corporation to buy $20 million of Dynamics Research Corporation subordinated debt to support ‘s DRC’s $143 million cash acquisition of High Performance Technologies, Inc. The debt has a six-year term. Bank of America will also lead a $130 million …

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