Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
B. Riley Financial, Inc. (NASDAQ: RILY) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
B. Riley Financial (NASDAQ: RILY) has amended its senior secured credit agreement with Oaktree Capital Management, enhancing operational flexibility. The amendment includes key improvements: a new $100 million investment basket for balance sheet transactions, an increased parent company investment basket from $20 million to $30 million, and authorization to use up to $25 million to reduce other debt, including potential repurchase of unsecured notes.
The original Term Loan Facility, established in February 2025, was used to retire Nomura Senior Secured Credit Agreement debt and fund working capital. The outstanding balance stands at $62.5 million, with no provision for incremental borrowings.
B. Riley Financial (NASDAQ: RILY) has executed a privately negotiated exchange agreement with an institutional investor to reduce its outstanding debt by approximately $15 million. The agreement involves exchanging $28 million in outstanding Senior Notes for $13 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
As part of the transaction, B. Riley is issuing warrants to purchase approximately 52,000 common shares at an exercise price of $10.00 per share, exercisable for seven years. Following the exchange, the Notes have a balance of approximately $204 million with $46 million in remaining capacity.
This represents the company's fourth bond exchange in three months, contributing to a total debt reduction of approximately $108 million. Moelis & Company LLC and Sullivan & Cromwell LLP served as financial and legal advisors, respectively.
B. Riley Financial (NASDAQ: RILY) has announced the sale of its advisory services business, GlassRatner, to TorQuest Partners for $117.8 million. The company expects to record a gain of approximately $66 million from the sale in Q2 financial results.
The divestment aligns with B. Riley's strategy to focus on its middle-market investment bank and B. Riley Wealth Management businesses. The transaction will provide additional capital for growth initiatives and strengthen the company's capital structure. GlassRatner, which was acquired by B. Riley in August 2018, delivered record results in 2024 and will become TorQuest Partners Fund VI's third platform investment.
B. Riley Financial (NASDAQ: RILY) has received a delinquency notification from Nasdaq on May 21, 2025, for failing to comply with listing rules due to delayed filing of its Q1 2025 Form 10-Q. This follows a previous notification regarding the delayed 2024 annual report (10-K). The company must submit a compliance plan to Nasdaq by June 2, 2025, addressing both delinquent filings.
If Nasdaq accepts the plan, RILY could receive up to 180 calendar days from the initial delinquent filing's due date (until September 29, 2025) to regain compliance. The notification currently has no immediate effect on RILY's Nasdaq listing status.
B. Riley Financial (NASDAQ: RILY) has announced the appointment of Scott Yessner as its new Chief Financial Officer, effective June 3, 2025. Yessner, who has been serving as a strategic advisor for the past two months, will succeed Phillip Ahn, who is departing for another opportunity.
Yessner brings significant experience as a CFO, notably improving EBITDA by $40 million at CEMCO and achieving a $45 million EBITDA improvement at Universal Technical Institute, where the stock price increased 250%. His compensation package includes 100,000 restricted shares and 300,000 stock options exercisable at different price points ($7, $10, and $12.50), vesting over three years.
B. Riley Financial (NASDAQ: RILY) has announced a private bond exchange agreement with an institutional investor that will reduce its total outstanding debt by approximately $12 million. The agreement involves exchanging approximately $22 million in outstanding Senior Notes for $10 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
As part of the transaction, the company will issue warrants to purchase approximately 40,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from the issuance date. This represents the company's second exchange as part of its ongoing efforts to strengthen its capital structure.
B. Riley Financial (NASDAQ: RILY) has received a delinquency notification from Nasdaq on April 3, 2025, for failing to comply with Listing Rule 5250(c)(1) due to delayed filing of its 2024 Full Year Report (Form 10-K).
The company must submit a compliance plan by June 2, 2025 (within 60 days). If accepted, Nasdaq may grant an extension until September 29, 2025 to regain compliance. While this notification does not immediately affect RILY's Nasdaq listing, the company has already released preliminary Q4 2024 financial results on March 3, 2025, and expects to file its Form 10-K before the plan submission deadline.
B. Riley Financial (NASDAQ: RILY) has announced a private bond exchange agreement that will reduce its total outstanding debt by approximately $35 million. The agreement involves an institutional investor exchanging approximately $123 million in Senior Notes for $88 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.
The exchange includes approximately $86 million in 5.5% Senior Notes (NASDAQ: RILYK) due March 2026 and $37 million in 5.0% Senior Notes (NASDAQ: RILYG) due December 2026. As part of the agreement, the company will issue warrants to purchase about 351,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from issuance.
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