Retires Nomura Senior Secured Credit Facility
Makes Strategic Investment and Loan in Joint Venture Overseeing JOANN’s Liquidation
LOS ANGELES, Feb. 27, 2025 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility (“Term Loan Facility”) provided by funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit Agreement and the rest for working capital, including up to $35 million in respect of its portion of the loan and investment in the joint venture overseeing…
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