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B. Riley Financial, 7.50% Senior Notes Due 10/31/2021
Ticker Symbol: RILYL* CUSIP: 05580M207 Exchange: NGM
* NOTE: This security is no longer trading as of 12/27/2019
Security has been Called for: Monday, December 30, 2019
Nov. 29, 2019 -- B. Riley Financial, Inc. today announced that it will redeem all of the issued and outstanding 7.50% Senior Notes due 2021 on December 30, 2019. The Notes have an aggregate principal amount of $52,154,350. The 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. 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 "RILYL," will be delisted and cease trading on the Redemption Date. ____________ Sep 20, 2019 -- The Company anticipates using the net proceeds from the sale of the 6.50% Senior Notes Due 9/30/2026 (Nasdaq: RYLYN) for the redemption of all of its existing 7.50% 2021 Notes. _________________ June 1, 2017 -- Shareholders of FBR & Co. (FBRC) met on Thursday, June 1, 2017 and approved the merger of the company with and into B. Riley Financial, Inc. The merger became effective today, June 1, 2017. On May 19, 2017, FBR & Co. announced the declaration of a special dividend of $7.61 per share payable on June 1, 2017 to shareholders of record on May 30, 2017. The special dividend will be EX on June 2, 2017. Merger Consideration: 0.671 shares of common stock of B. Riley Financial Inc. per share. Prior to the opening of the market on June 2, 2017, FBR common shares will cease trading on the NASDAQ.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: B. Riley Financial, Inc. 7.50% Senior Notes Due 2021, issued in $25 denominations, redeemable at the issuer's option on or after 10/31/2018 at $25 per note plus accrued and unpaid interest, and maturing 10/31/2021. Interest distributions of 7.50% per annum ($1.875 per annum or $0.46875 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 (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 - 11/1/2016 - 1.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $24.8 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: 21255 Burbank Boulevard, Suite 400, Woodland Hills, CA 91367 |
Main Phone Number |
818-884-3737 |
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 Riley |
CEO - Tom Kelleher |
CFO - Phillip J. Ahn |
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