B. Riley says firm ‘will move past this & thrive’ after Franchise Group, its operating businesses, and certain other affiliates, including Freedom VCM, filed for Chapter 11 proceedings.
- Co. concluded that it is required to record an additional impairment with respect to the Freedom VCM Investment and the Vintage Loan Receivable from Vintage Capital Management
- B. Riley expects that the non-cash impairments of the Freedom VCM Investment and the Vintage Loan Receivable will be approximately $120 million in the aggregate
- B. Riley sees Nomura line to be paid down to $125M end of month
- Company says it remains in compliance ...
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