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

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) has announced the completion of redemption procedures for all outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM). The notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest on the redemption date of February 28, 2025. Following the redemption, the Notes have ceased trading on NASDAQ.

Positive

• Full redemption of debt obligations demonstrates financial capability
• Timely completion of redemption at maturity

Negative

• None.

LOS ANGELES, Feb. 28, 2025 /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 Financial
B. 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
ir@brileyfin.com

Media
press@brileyfin.com

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SOURCE B. Riley Financial

FAQ

What is the redemption value of B. Riley Financial's 6.375% Senior Notes (RILYM)?

The notes were redeemed at 100% of their principal amount, plus accrued and unpaid interest.

When did B. Riley Financial's RILYM notes cease trading on NASDAQ?

The RILYM notes ceased trading on NASDAQ following their redemption on February 28, 2025.

What should RILY note holders do to receive their redemption payment?

Note holders should contact their bank or broker through which they hold their beneficial interest for redemption payment information.

What was the interest rate and maturity date of the redeemed B. Riley notes?

The notes had a 6.375% interest rate and were due to mature on February 28, 2025.