B. Riley Secures $100 Million Expansion Financing for Trojan Battery Company

LOS ANGELES--(EON: Enhanced Online News)--B. Riley & Co., LLC (B. Riley) www.brileyco.com, a full service securities broker dealer providing research and trading to institutional clients and investment banking services, today announced that it served as the exclusive financial advisor to Trojan Battery Company in completing a $100 million corporate financing for the Company.

“This transaction is yet another in a series of successful mandates they have completed for us over the last several years. We could not have done this without them.”

B. Riley developed and implemented this financing to accomplish several key Trojan corporate initiatives including: the acquisition of an East coast battery distributor, expanding the Company’s customers and markets internationally, and providing additional working capital capacity as it also moves into new markets such as: Renewable Energy, Transportation and Off-Grid Power Solutions.

“Trojan has always viewed B. Riley as an integral part of our corporate team as it relates to our current and future growth plans” said Jeff Elder, Trojan’s President. “This transaction is yet another in a series of successful mandates they have completed for us over the last several years. We could not have done this without them.”

The B. Riley transaction team consisted of Greg Presson – Senior Managing Director, Paul Donnelly – Managing Director, Chris Ankley – Vice President, and Grant Hustedt – Associate.

“We continue to be impressed with the B. Riley team’s skill of execution and insightful capital markets access and timing”, said Rick Godber, Trojan’s Chairman and Chief Executive Officer.

The financing was provided by incumbent commercial lender, Bank of America, N.A., who was also joined by Wells Fargo Bank, N.A. The senior credit facilities consisted of a Revolver, Term, Ex-IM and Equipment loans.

Trojan Battery Company (www.trojanbattery.com), founded in 1925, is the worldwide technology leader in the manufacturing of premium grade deep cycle batteries. The Company’s highly recognizable branded maroon batteries are utilized by major OEMs, aftermarket resellers, and distributors throughout the U.S. and overseas. Trojan maintains significant market share leadership in the golf car, utility vehicle, aerial work platform, floor machine and renewable energy sectors.

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, Philadelphia, Chicago and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.

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