B. Riley Financial Enters Amendment To Senior Credit Facility With Oaktree; Amendment Increases Operational Flexibility, Outstanding Balance Reduced To $62.5M

Benzinga·07/09/2025 11:05:12

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B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into an amendment to its senior secured credit agreement ("Term Loan Facility") with funds managed by Oaktree Capital Management, L.P. ("Oaktree").

The amended Term Loan Facility provides incremental flexibility, including: a new investment basket that enables an incremental $100m to facilitate transactions using B. Riley Financial's balance sheet; a $30 million investment basket for parent company investments upsized from $20 million; and the ability to deploy up to $25 million of cash to reduce other indebtedness, including through the potential repurchase of the Company's unsecured notes.

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