B. Riley Financial Inc. Secures $30 Million Revolving Loan Facility with FGI Worldwide, Amends Intercompany Loan to $10 Million
Reuters
Aug 27
<a href="https://laohu8.com/S/RILYG">B. Riley Financial Inc</a>. Secures $30 Million Revolving Loan Facility with FGI Worldwide, Amends Intercompany Loan to $10 Million
B. Riley Financial Inc. has announced a significant development in its financial operations with the entry into a new Revolving Credit, Receivables Purchase, Security and Guaranty Agreement with FGI Worldwide LLC. Effective August 20, 2025, this agreement provides a three-year $30 million revolving loan facility for its wholly owned subsidiary, Tiger US Holdings, Inc., and its direct and indirect subsidiaries. The facility will refinance and repay existing obligations with PNC Bank, and is secured by a first priority security interest in all assets of the involved parties, along with a pledge of equity interests. The loan carries an interest rate of at least 5.25% per annum, and includes provisions for covenants and events of default. Additionally, B. Riley Commercial Capital, LLC has amended an intercompany loan agreement to increase its subordinated loan to the borrower from $5 million to $10 million. The new arrangements aim to bolster B. Riley Financial's financial flexibility and operational capacity, with the maturity date set for August 20, 2028.
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