Business
B. Riley Financial Announces Full Redemption of 6.875% Senior Notes due 2023
LOS ANGELES, Sept. 22, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it will redeem all of the
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"LOS ANGELES, Sept. 22, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) (\"B. Riley\" or the \"Company\") today announced it will redeem all of the issued and outstanding 6.875% Senior Notes due 2023 (the \"Notes\") on October 22, 2021 (the \"Redemption Date\"). The Notes have an aggregate principal amount of $115,726,350. \n\n \n \n \n \n \n \n\n \nThe redemption price is equal to 100% of the aggregate principal amount, plus a premium of $0.25 in accordance with the supplemental indenture, plus any accrued and unpaid interest up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered to noteholders (the \"Redemption Payment\"). \nInterest on the Notes will cease to accrue on and after the Redemption Date. There will be no interest payment made on October 31, 2021 and all interest payment dates for the Notes will cease following the Redemption Date. The Notes, which are listed on NASDAQ under the ticker symbol \"RILYI,\" will be delisted and cease trading on the Redemption Date.\nInvestors 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.\nThis press release is for informational purposes only and shall not constitute a notice of redemption of the Notes or an offer to purchase, or a solicitation of an offer to sell, any Notes or other securities. \nAbout B. Riley FinancialB. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and 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. For more information, please visit www.brileyfin.com.\nForward-Looking StatementsStatements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptio...