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B. Riley Financial, 6.875% Senior Notes due 9/30/2023
Ticker Symbol: RILYI* CUSIP: 05580M603 Exchange: NGM
* NOTE: This security is no longer trading as of 10/22/2021
Security has been Called for: Friday, October 22, 2021
Sept. 22, 2021 -- 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.
The 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").
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QUANTUMONLINE.COM SECURITY DESCRIPTION: B. Riley Financial, Inc., 6.875% Senior Notes Due 2023 , issued in $25 denominations, redeemable at the issuer's option on or after 9/30/2020 at $25 per note plus accrued and unpaid interest, and maturing 9/30/2023. Interest distributions of 6.875% per annum ($1.71875 per annum or $0.4296875 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. 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. 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)
IPO - 9/6/2018 - 3.48 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Market Value $86.6 Million
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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310-966-1444
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Toll Free Phone Number |
Unknown |
CEO - Bryant R. Riley |
CEO - Tom Kelleher |
CFO - Phillip J. Ahn |
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