StockNews.AI
RILY
StockNews.AI
172 days

B. Riley Financial Completes Redemption of 6.375% Senior Notes due 2025

1. B. Riley completed redemption of all 6.375% Senior Notes due February 2025. 2. Notes redeemed at 100% principal plus accrued interest, ceased trading on NASDAQ. 3. Investors should contact their brokers for redemption payment details.

4m saved
Insight
Article

FAQ

Why Bullish?

The successful redemption of senior notes strengthens B. Riley's financial position. Historically, completing such actions can lead to positive market reactions as debt servicing costs are lowered.

How important is it?

The redemption of senior notes directly affects B. Riley's balance sheet and capital structure, making it significant for investors and market analysts.

Why Short Term?

Immediate effects since the redemption date is set for February 2025. Investors may respond positively in anticipation of low debt obligations.

Related Companies

RILYM
, /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has completed the redemption procedures of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes"). The redemption date for the Notes is February 28, 2025 and the Notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest (the "Redemption Payment"). The Notes have ceased trading on the NASDAQ following the redemption. Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about the Redemption Payment. About B. Riley FinancialB. Riley Financial is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, B. Riley provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliated companies. For more information, please visit www.brileyfin.com. Contacts Investors[email protected] Media[email protected] SOURCE B. Riley Financial WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News