White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
One Percent Rule Checklist For Safer Forex Trading Risk 
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
LOS ANGELES, April 18, 2017 -- Great American Capital Partners, LLC (“GACP”), a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), has announced that a fund managed by GACP has entered into an agreement with General Finance Corporation (“GFC”) to provide a $20 million term loan for certain subsidiaries of GFC.
“We are very pleased with this refinancing as it provides us with ongoing financial flexibility and nicely positions us for continued growth,” said Ronald Valenta, Chairman of General Finance. “We look forward to our continuing mutually beneficial relationship with GACP.”
“Our industry experience and flexible financing strategy allowed us to demonstrate our ability to help companies like General Finance continue to pursue growth opportunities in their industry,” said John Ahn, President of GACP. “We look forward to building upon our new relationship and working with the General Finance team.”
About Great American Capital Partners, LLC
GACP, a division of B. Riley Capital Management, an SEC Registered Investment Advisor and a wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), originates and underwrites senior secured loans across a wide array of industries. GACP is dedicated to providing opportunistic and responsive capital to the underserved middle market.
B. Riley Financial, Inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals.
About General Finance Corporation
Headquartered in Pasadena, California, General Finance Corporation (NASDAQ:GFN) (www.generalfinance.com) is a leading specialty rental services company offering portable storage, modular space and liquid containment solutions. Management’s expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Company’s subsidiaries. GFN’s North America leasing operations consist of wholly-owned subsidiaries Pac-Van, Inc. (www.pacvan.com) and Lone Star Tank Rental Inc. (www.lonestartank.com), providers of portable storage, office and liquid storage tank containers, mobile offices and modular buildings. In addition, the Company also owns 90% of Southern Frac, LLC (www.southernfrac.com), a manufacturer of portable liquid storage tank containers and other steel-related products in North America. The Company’s Asia-Pacific leasing operations in Australia and New Zealand consist of majority-owned Royal Wolf Holdings Limited (www.royalwolf.com.au), the leading provider of portable storage solutions in those countries.
Contact John Ahn 310-689-2215 [email protected]
