B. Riley Financial Inc. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities

Reuters

05-21

<a href="https://laohu8.com/S/RILYG">B. Riley Financial Inc</a>. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities

B. Riley Financial Inc. has announced a significant debt transaction aimed at reducing its outstanding debt by approximately $46 million. The company has entered into a privately negotiated exchange agreement with an institutional investor, which will result in the exchange of about $139 million in senior notes for $93 million in new 8.00% Senior Secured Second Lien Notes due January 1, 2028. This transaction eliminates over $100 million in 2026 maturities, marking a substantial step in improving the company's capital structure. Additionally, B. Riley is issuing warrants to the investor for approximately 372,000 common shares at an exercise price of $10.00 per share, exercisable over seven years. Moelis & Company LLC served as financial advisor, and Sullivan & Cromwell LLP provided legal advice for the agreement.

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. B. Riley Financial Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA93273) on May 21, 2025, and is solely responsible for the information contained therein.

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Riley Financial Inc. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/RILYG\">B. Riley Financial Inc</a>. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/RILYK\">B. Riley Financial Inc</a>. has announced a significant debt transaction aimed at reducing its outstanding debt by approximately $46 million. The company has entered into a privately negotiated exchange agreement with an institutional investor, which will result in the exchange of about $139 million in senior notes for $93 million in new 8.00% Senior Secured Second Lien Notes due January 1, 2028. This transaction eliminates over $100 million in 2026 maturities, marking a substantial step in improving the company's capital structure. Additionally, B. Riley is issuing warrants to the investor for approximately 372,000 common shares at an exercise price of $10.00 per share, exercisable over seven years. Moelis &amp; Company LLC served as financial advisor, and Sullivan &amp; Cromwell LLP provided legal advice for the agreement.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. <a href=\"https://laohu8.com/S/RILYL\">B. Riley Financial Inc</a>. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA93273) on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>B. Riley Financial Inc. 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Riley Financial Inc. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-05-21 20:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/RILYG\">B. Riley Financial Inc</a>. Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/RILYK\">B. Riley Financial Inc</a>. has announced a significant debt transaction aimed at reducing its outstanding debt by approximately $46 million. The company has entered into a privately negotiated exchange agreement with an institutional investor, which will result in the exchange of about $139 million in senior notes for $93 million in new 8.00% Senior Secured Second Lien Notes due January 1, 2028. This transaction eliminates over $100 million in 2026 maturities, marking a substantial step in improving the company's capital structure. Additionally, B. Riley is issuing warrants to the investor for approximately 372,000 common shares at an exercise price of $10.00 per share, exercisable over seven years. Moelis &amp; Company LLC served as financial advisor, and Sullivan &amp; Cromwell LLP provided legal advice for the agreement.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. <a href=\"https://laohu8.com/S/RILYL\">B. Riley Financial Inc</a>. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA93273) on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投資銀行業與經紀業","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250521:nNDL73sscs:1","article_id":"2537151980","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537151980","pubTimestamp":1747828851,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"B. Riley Financial Inc. 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Reduces Debt by $46 Million Through Private Bond Exchange, Eliminates Over $100 Million in 2026 Maturities\n    \n\nB. Riley Financial Inc. has announced a significant debt transaction aimed at reducing its outstanding debt by approximately $46 million. The company has entered into a privately negotiated exchange agreement with an institutional investor, which will result in the exchange of about $139 million in senior notes for $93 million in new 8.00% Senior Secured Second Lien Notes due January 1, 2028. This transaction eliminates over $100 million in 2026 maturities, marking a substantial step in improving the company's capital structure. Additionally, B. Riley is issuing warrants to the investor for approximately 372,000 common shares at an exercise price of $10.00 per share, exercisable over seven years. Moelis & Company LLC served as financial advisor, and Sullivan & Cromwell LLP provided legal advice for the agreement.\n      \n\nDisclaimer: 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. B. Riley Financial Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA93273) on May 21, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}