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B. Riley Financial Announces Full Redemption of 7.50% Senior Notes due 2021
LOS ANGELES, Nov. 29, 2019 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that it will redeem all of
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"LOS ANGELES, Nov. 29, 2019 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) (\"B. Riley\" or the \"Company\") today announced that it will redeem all of the issued and outstanding 7.50% Senior Notes due 2021 (the \"Notes\") on December 30, 2019 (the \"Redemption Date\"). The Notes have an aggregate principal amount of $52,154,350.\n\n \nThe redemption price is equal to 100% of the aggregate principal amount, 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. The Notes, which are listed on NASDAQ under the ticker symbol \"RILYL,\" 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 Financial, Inc. (NASDAQ:RILY)B. Riley Financial provides collaborative financial services tailored to fit the capital raising and business advisory needs of public and private companies and high-net-worth individuals. B. Riley operates through several wholly-owned subsidiaries which offer complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence, forensic accounting and litigation support, appraisal and valuation, and auction and liquidation services. Certain registered affiliates of B. Riley originate and underwrite senior secured loans for asset-rich companies. The Company also makes proprietary investments in companies and assets with attractive return profiles.\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 assumptions prove incorrect, our business, operating results, financial ...