This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

B. RILEY Acted As Advisor In $83.5 Million Refinancing Package For Cadiz, Inc.





LOS ANGELES, March 7, 2013 /PRNewswire/ -- B. Riley & Co., LLC (B. RILEY) www.brileyco.com, a  leading independent investment bank which provides a full array of corporate finance, research, sales, and trading services announced that it has acted as advisor in an $83.5 Million comprehensive debt refinancing package for Cadiz, Inc. (Nasdaq: CDZI).

The refinancing establishes two separate debt instruments, a $30 million senior secured mortgage, and a $53.5 million convertible bond.

B. RILEY served as advisor in the transaction and placement agent for the convertible bonds. The transaction closed March 5, 2013.

This is B. RILEY's second engagement for Los Angeles-based Cadiz, a publicly held renewable resources company engaged in a combination of organic farming and water supply and storage projects, including the Cadiz Valley Water Conservation, Recovery & Storage Project.

"B. Riley was a great partner in this transaction," said Scott Slater, Chief Executive Officer of Cadiz, "and their involvement helped us broaden our investor base."

ABOUT B. RILEY & CO.

B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders.  The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, New York, Boston and Atlanta.  It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com

SOURCE B. Riley & Co.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs