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B. Riley Financial Announces Full Redemption of 7.50% Senior Notes due 2027
LOS ANGELES, March 1, 2021 /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, March 1, 2021 /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 2027 (the \"Notes\") on March 31, 2021 (the \"Redemption Date\"). The Notes have an aggregate principal amount of $128,155,700.\n\n \n \n \n \n \n \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 \"RILYZ,\" 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 (NASDAQ: RILY) provides collaborative financial services solutions tailored to fit the capital raising, business, operational, and financial 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. Certain registered affiliates of B. Riley originate and underwrite senior secured loans for asset-rich companies. B. Riley also makes proprietary investments in companies and assets with attractive return profiles. For the latest news and developments, follow B. Riley on Twitter @BRileyFinancial and LinkedIn. For more information, visit www.brileyfin.com.\nB. Riley refers to B. Riley Financial and/or one or more of its subsidiaries or affiliates. For more information about B. Riley's affiliated companies, visit www.br...