B. Riley to redeem some 7.5% notes with proceeds from new notes

By Sarah Lizee

Olympia, Wash., Feb. 10 – B. Riley Financial, Inc. plans to redeem a portion of its existing 7.5% senior notes due 2027 with 20% of the net proceeds from a new offering of notes, according to a press release.

The company announced Monday that it intends to price a $50 million offering of $25-par senior notes due Feb. 28, 2025.

Proceeds will also be used for general corporate purposes, including funding future acquisitions and investments, repaying debt, making capital expenditures and funding working capital.

B. Riley is a Woodland Hills, Calif.-based financial services company.

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