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

PUBT·06/03/2026 11:45:37
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BRC Specialty Finance assumes USD 20 million advance in WhiteFiber delayed-draw term loan facility
  • BRC Specialty Finance entered a financing deal tied to a USD 20 million assigned advance under a USD 100 million senior secured delayed draw term loan.
  • B. Riley Securities assumed the USD 20 million advance from Bit Digital, becoming lender of record on the same economic terms as lead lender.
  • The 90-day facility is expected to bridge Enovum NC-1 Venture, a WhiteFiber unit, to anticipated permanent institutional financing.
  • Proceeds may support buildout of the first phase of a HPC data center in Madison, North Carolina, plus other corporate uses.
  • BRC Group also finalized a separate USD 10 million receivables-backed purchase agreement with a publicly traded technology company.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRC Group Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA74086) on June 03, 2026, and is solely responsible for the information contained therein.