Core Viewpoint - B. Riley Financial has secured a new $160 million senior secured debt facility from Oaktree Capital Management, which will be used to retire existing debt and support a joint venture overseeing the liquidation of JOANN, a fabric and crafts retailer facing bankruptcy [1][2][4]. Group 1: Financial Transactions - B. Riley utilized approximately $118 million to retire outstanding debt under the Nomura Senior Secured Credit Agreement, with the remaining funds allocated for working capital and a joint venture investment [2]. - The new Term Loan Facility has an interest rate of SOFR plus 8.00% and includes warrants for Oaktree to purchase 1,832,290 common shares at an exercise price of $5.14 per share, representing a 20% premium to the 30-day VWAP prior to issuance [4]. Group 2: JOANN Liquidation - B. Riley's GA Group, in which it holds a 44% stake, was selected as the exclusive agent to manage the liquidation of JOANN, which has approximately $2 billion in retail inventory [3]. - The liquidation process is expected to be completed in about 12 weeks and is one of the largest transactions in GA Group's history [3]. Group 3: Strategic Implications - The partnership with Oaktree and the establishment of GA Group is seen as a significant step for B. Riley, enhancing its financial and strategic flexibility [4]. - The successful bid in JOANN's bankruptcy process highlights the potential of GA Group in large-scale retail liquidations, benefiting B. Riley as both an investor and through its equity stake [4].

LOS ANGELES, Feb. 26, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing of its Third Quarter 10-Q. The Company received notice from The Nasdaq Stock Market on February 24, 2025 indicating that it has regained compliance with the Listing Rule, which requires listed companies to timely file all required pe ...

Core Points - B. Riley Financial, Inc. plans to release preliminary financial results for the fourth quarter ended December 31, 2024, after market close on March 3, 2025 [1] - The company will host a conference call for analysts and investors on the same day at 4:30 p.m. ET, which will include a question-and-answer session [2] - B. Riley has filed its Quarterly Report on Form 10-Q for the three-month period ended September 30, 2024, and expects to regain compliance with Nasdaq Listing Rule 5250(c)(1) [3] - Bryant Riley, Chairman and Co-CEO, indicated that the upcoming conference call will provide a comprehensive update on the business and capital allocation priorities for renewed growth and value creation [4] Company Overview - B. Riley Financial is a diversified financial services company that offers tailored solutions to meet the strategic, operational, and capital needs of clients [4] - The company provides a wide range of financial services, including investment banking, institutional brokerage, private wealth management, financial consulting, corporate restructuring, and more [4] - B. Riley also engages in opportunistic investments to benefit shareholders and has affiliates that originate and underwrite senior secured loans for asset-rich companies [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 27-0223 ...

LOS ANGELES, Feb. 21, 2025 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley"), a preeminent middle market investment bank, will be hosting its Precision Oncology & Radiopharma Investor Conference on Friday, February 28th in New York.This one-day conference will feature more than 30 institutionally relevant companies developing and commercializing next-gen targeted oncology and radiopharmaceutical therapeutics and diagnostics. In addition to investor discussions, B. Riley Equity Research Analysts will be ...

Core Insights - B. Riley Securities, Inc. will host its 25th Annual Investor Conference on May 21-22, 2025, at the Ritz-Carlton, Marina Del Rey, California [1] - The conference will feature approximately 200 public companies and attract over 1,000 attendees, including institutional, private equity, and venture capital investors [2] Company Overview - B. Riley has been a leading middle market brokerage and investment banking firm for over 25 years, offering a full suite of investment banking and capital markets services [6] - The firm provides services such as initial, secondary, and follow-on offerings, M&A advisory, SPACs, and corporate restructuring [6] Conference Details - The two-day event will include research analyst-moderated executive roundtables, thematic industry panel discussions, and one-on-one meetings with corporate management teams [4] - Participation in the conference is by invitation only, emphasizing the exclusivity and targeted nature of the event [4] Leadership Commentary - The CEO of B. Riley Securities highlighted the conference as a prime opportunity for creating value and fostering relationships with clients and partners [3] - The firm’s equity research team has curated a mix of new and familiar companies for presentation at the conference [3] Additional Information - For those interested in attending or sponsoring, contact details are provided for inquiries [5] - B. Riley Financial, the parent company, offers a diverse range of financial services, including investment management and financial consulting [7]

Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We alsoCheck out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.Read ...

Provides Update on Preferred Stock Dividends LOS ANGELES, Jan. 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the redemption on February 28, 2025 (the "Redemption Date") of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes"). The redemption price for the Notes will be equal to 100% of the aggregate principal amount of the Notes, plus any accrued and un ...

Financial Statements Consistent with Preliminary Results Issued on August 12, 2024 Discloses Preliminary Total Cash Balance of $257 Million as of December 31, 2024 LOS ANGELES, Jan. 14, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the filing of its Quarterly Report on Form 10-Q for the three-month period ended June 30, 2024. The financial statements are consistent with the preliminary financial results r ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 B. RILEY FINANCIAL, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 27-0223495 (Stat ...