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B. Riley Financial, 6.375% Senior Notes Due 2/28/2025
Ticker Symbol: RILYM CUSIP: 05580M868 Exchange: NGM
QUANTUMONLINE.COM SECURITY DESCRIPTION: B. Riley Financial, 6.375% Senior Notes Due 2/28/2025, issued in $25 denominations, redeemable at the issuer's option on or after 2/28/2021 at $25.75 per note plus accrued and unpaid interest, and maturing 2/28/2025. Interest distributions of 6.375% per annum ($1.59375 per annum or $0.3984375 per quarter) will be paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is at least one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The issuer may redeem the 6.375% Senior Notes Due 2/28/2025 in whole or in part, after 02/28/2021 but prior to 02/28/2022 at $25.75 per note, at $25.50 per note prior to 02/28/2023, at $25.25 per note prior to 02/28/2024, and at $25.00 on or after 02/28/2024 until maturity. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB+ by Egan-Jones Rating Co. at the date of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (RILY)
Notes: Jan. 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the redemption on February 28, 2025 (the "Redemption Date") of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes").
The redemption price for the Notes will be equal to 100% of the aggregate principal amount of the Notes, plus any accrued and unpaid interest as set forth in each notice of redemption delivered to note holders (the "Redemption Payment"). Interest on the Notes will cease to accrue on and after the Redemption Date. The Notes, which are listed on NASDAQ under the ticker symbol "RILYM," will be delisted and cease trading on the Redemption Date. Notice to holders of the Notes will be issued on or before January 24, 2025. Investors 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
The 6.735% Senior Notes were issued on 2/10/2020 and are expected to begin trading on the Nasdaq Global Market within 30 days of their issue date. The shares may start interim trading on the Other OTC market but we are not aware that they have done so to date.
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IPO - 2/10/2020 - 4.60 Million Notes @ $25/note.
Link to IPO Prospectus
Market Value $ Million
Click for current RILYM price quote from the NASDAQ
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 11100 Santa Monica Blvd., Suite 800, Los Angeles, CA 91367 |
Main Phone Number |
310-966-1444 |
Fax Number |
818-884-2976 |
Investor Relations
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212-409-2424
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Toll Free Phone Number |
Unknown |
CEO - Bryant R. Riley |
CEO - Tom Kelleher |
CFO - Phillip J. Ahn |
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