B. Riley Financial Files 8-K on Corporate Securities

TL;DR

RILY filed an 8-K detailing its stock and various senior notes due 2024-2026.

AI Summary

On March 27, 2024, B. Riley Financial, Inc. filed an 8-K report detailing various corporate events. The filing includes information about the company's common stock, preferred stock series, and several senior notes due in 2024, 2025, and 2026. This report serves as a public record of these financial instruments and their associated details.

Why It Matters

This filing provides crucial details about B. Riley Financial's outstanding debt and equity, which are essential for investors to understand the company's capital structure and financial obligations.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate new or unusual risks.

Key Numbers

• 6.875% — Preferred Stock Dividend Rate (Represents a specific series of preferred stock issued by B. Riley Financial.)
• 7.375% — Preferred Stock Dividend Rate (Represents another series of preferred stock issued by B. Riley Financial.)
• 2024 — Senior Notes Maturity Year (Indicates the maturity year for a specific series of senior notes.)
• 2025 — Senior Notes Maturity Year (Indicates the maturity year for a specific series of senior notes.)
• 2026 — Senior Notes Maturity Year (Indicates the maturity year for multiple series of senior notes.)

Key Players & Entities

• B. Riley Financial, Inc. (company) — Filer of the 8-K report
• RILY (company) — Ticker symbol for B. Riley Financial, Inc.
• 6.875% Series Cumulative Perpetual Preferred Share (dollar_amount) — Preferred stock series mentioned in the filing
• 7.375% Series BCumulative Perpetual Preferred Stock (dollar_amount) — Preferred stock series mentioned in the filing
• Sec 6.75 Senior Notes Due 2024 (dollar_amount) — Senior notes due in 2024
• Sec 6.375 Senior Notes Due 2025 (dollar_amount) — Senior notes due in 2025
• Sec 5.00 Senior Notes Due 2026 (dollar_amount) — Senior notes due in 2026
• Sec 5.50 Senior Notes Due 2026 (dollar_amount) — Senior notes due in 2026
• Sec 6.50 Senior Notes Due 2026 (dollar_amount) — Senior notes due in 2026
• Sec 5.25 Senior Notes Due 2028 (dollar_amount) — Senior notes due in 2028

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share RILY Nasdaq Global Market

Filing Documents

• ea0202739-8k_briley.htm (8-K) — 44KB
• 0001213900-24-026575.txt ( ) — 308KB
• rily-20240327.xsd (EX-101.SCH) — 6KB
• rily-20240327_def.xml (EX-101.DEF) — 30KB
• rily-20240327_lab.xml (EX-101.LAB) — 42KB
• rily-20240327_pre.xml (EX-101.PRE) — 29KB
• ea0202739-8k_briley_htm.xml (XML) — 15KB

01

Item 8.01 Other Events In light of the delayed filing of B. Riley Financial, Inc.'s (the "Company") Annual Report on Form 10-K for the year ending December 31, 2023 (the "Annual Report"), the Company has secured an extension under its existing credit agreement with Nomura Corporate Funding Americas, LLC (as administrative agent to the lenders) of the time required to deliver its 2023 audited financial statements to the administrative agent. While the Company does not believe it will require the full period, the lenders have agreed that the audited financials need not be delivered until April 29, 2024. The Company did not incur any additional fees as a result of the extension. The Company acknowledges the key role its lenders and other counterparties have played in its growth and success and, as evidenced by the extension, continues to maintain an ongoing and productive dialogue with its lenders even through this temporary delay.

Forward-looking statements

Forward-looking statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2022 Annual Report on Form 10-K under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). Additional information will be set forth in the Company's Annual Report on Form 10-K for the year ended 2023. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. B. Riley Financial, Inc. By: /s/ Phillip J. Ahn Name: Phillip J. Ahn Title: Chief Financial Officer and Chief Operating Officer Date: March 27, 2024

View Full Filing

View this 8-K filing on SEC EDGAR