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B. Riley Financial, 6.75% Senior Notes Due 5/31/2024
Ticker Symbol: RILYO CUSIP: 05580M702 Exchange: NGM
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Jan. 30, 2024 -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced that it has called for the partial redemption of $115,492,400 aggregate principal amount of its 6.75% Senior Notes due 2024 (the "Notes") on February 29, 2024 (the "Redemption Date"). This partial redemption is being conducted to satisfy the Company's obligations under its credit facility pursuant to which any amounts outstanding on the Notes in excess of $25.0 million must be redeemed on a date that is 91 days prior to the maturity date of the Notes.
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 (the "Redemption Payment"). Interest on the redeemed Notes will cease to accrue interest on and after the Redemption Date. The remaining $25.0 million aggregate principal amount of Notes will continue to accrue interest in accordance with the terms of the Company's Indenture and the 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, 6.75% Senior Notes Due 5/31/2024, issued in $25 denominations, redeemable at the issuer's option on or after 5/31/2021 at $25.50 per note; on or after 5/31/2022 at $25.25 per note; on or after 5/31/2023 at $25.00 per note plus accrued and unpaid interest and maturing 5/31/2024. Interest distributions of 6.75% per annum ($1.6875 per annum or $0.421875 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. This security was rated BBB+ by Egan-Jones Rating Co. 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 - 5/7/2019 - 3.48 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $ Million
Click for current RILYO price quote from the NASDAQ
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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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