BRC Specialty Finance assumes $20 million advance in WhiteFiber delayed-draw term loan facility

BRC Group Holdings
WhiteFiber

BRC Group Holdings

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WhiteFiber

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  • BRC Group Holdings’ direct lending unit, BRC Specialty Finance, advanced USD 20 million under a senior secured delayed draw term loan facility.
  • B. Riley Securities assumed the advance via assignment from a USD 100 million facility originated by Bit Digital to WhiteFiber unit Enovum NC-1 Venture.
  • The 90-day advance is positioned as a bridge to permanent institutional financing for an AI-driven HPC data center project in Madison, North Carolina.
  • BRC Group Holdings also closed a USD 10 million receivables-backed purchase agreement with a publicly traded technology company.


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