Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 84

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 2026197,012 322,667 8.00% New Notes due January 1, 2028247,468 — 6.00% Senior notes due January 31, 2028218,445 264,345 5.25% Senior notes due August 31, 2028378,985 401,307 Subtotal1,323,772 1,530,656 Less: Unamortized debt issuance costs(45)(95)Total Senior Note Payable$1,323,727 $1,530,561 As of June 30, 2025 and December 31, 2024, total senior notes outstanding were $1,323,727 (net of unamortized debt issue costs of $45) and $1,530,561 (net of unamortized debt issue costs of $95), respectively, with a weighted average interest rate of 5.59% and 5.62%, respectively. Interest on senior notes is payable on a quarterly basis. Interest expense on senior notes during the three and six months ended June 30, 2025 and 2024 totaled $17,236 and $38,890, and $22,977 and $47,415, respectively.On February 28, 2025 (“the Redemption Date”), the Company redeemed all of the $145,211 of issued and outstanding 6.375% Senior Notes due February 28, 2025 (the “6.375% 2025 Notes”). The redemption price was equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest up to, but excluding, the Redemption Date. In connection with the full redemption, the 6.375% 2025 Notes, which were listed on Nasdaq under the ticker symbol “RILYM,” were delisted from Nasdaq and ceased trading on the Redemption Date.During the six months ended June 30, 2025, the Company completed four private exchange transactions with institutional investor lenders pursuant to which the lenders exchanged senior notes for the New Notes, whereupon the exchanged notes were cancelled. The exchange date, senior notes exchanged, New Notes issued and the issuance of warrants in conjunction with each of the four private exchange transactions (see Note 19 — Stockholder’s Equity for discussion of the warrants) during the six months ended June 30, 2025, is summarized in the following table:Exchange DateTotalMarch 26,