Dynamics Research's $40 million mezzanine debt arranged by B. Riley

By Lisa Kerner

Charlotte, N.C., June 9 - Dynamics Research Corp.'s $40 million of subordinated debt financing provided by Ares Capital Corp. was arranged by B. Riley & Co., LLC, it was announced on Thursday.

As previously reported, the proceeds will be used to help fund the company's $143 million acquisition of High Performance Technologies, Inc.

The six-year mezzanine facility will be guaranteed by all subsidiaries of the company.

Andover, Mass.-based Dynamics Research is a provider of information technology, engineering and other services for federal, state and local governments.

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