B. Riley Financial reduces debt by $12 million through exchange agreement with investor

From Nasdaq: 2025-04-07 13:16:00

B. Riley Financial, Inc. has announced a privately negotiated exchange agreement with an institutional investor, reducing their outstanding debt by approximately $12 million. The investor will exchange $22 million in Senior Notes for $10 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028. The company will also issue warrants to purchase about 40,000 common shares at $10.00 per share. Bryant Riley, Chairman and Co-CEO, stated that this exchange is part of their ongoing efforts to strengthen the company’s capital structure. RILY is currently trading at $3.04, 8.16% lower on the Nasdaq Global Market.



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