B. Riley Reports Private Bond Exchange to Cut Debt by ~$46M

B. Riley Financial will reduce its total outstanding debt by about $46 million after entering a privately negotiated exchange agreement the with an institutional investor.

• Exchange eliminates more than $100 Million in 2026 maturities
• B. Riley is also issuing to the investor warrants to buy an aggregate of about 372 thousand common shares at an exercise price of $10 per share
  • The warrants are exercisable for a period of seven years from the issuance date
• “We expect to opportunistically utilize the remaining capacity under our Senior Secured Second Lien facility to further improve our balance sheet” Chairman and Co-Chief Executive ...