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B. Riley Financial Amends Senior Credit Facility with Oaktree

Core Viewpoint - B. Riley Financial has amended its senior secured credit agreement, enhancing operational flexibility and reducing outstanding debt to $62.5 million [1][2]. Group 1: Amendment Details - The amended Term Loan Facility introduces a new investment basket allowing an additional $100 million for transactions using B. Riley's balance sheet [2]. - The investment basket for parent company investments has been increased from $20 million to $30 million [2]. - The company can now deploy up to $25 million of cash to reduce other indebtedness, including potential repurchases of unsecured notes [2]. Group 2: Management Commentary - Bryant Riley, Chairman and Co-CEO, expressed appreciation for the relationship with Oaktree and the enhanced opportunities provided by the amendment [3]. - The initial credit agreement, executed in February 2025, was used to retire outstanding debt and fund working capital, with no incremental borrowings allowed under the Term Loan Facility [3]. Group 3: Company Overview - B. Riley Financial is a diversified financial services company offering tailored solutions across various sectors, including investment banking, private wealth management, and corporate restructuring [4]. - The company leverages cross-platform expertise to provide comprehensive financial services throughout the business life cycle [4].