Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 75

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 the Credit Parties to maintain certain financial ratios. The BRPAC Amended Credit Agreement also contains customary representations and warranties, affirmative covenants, and events of default, including payment defaults, breach of representations and warranties, covenant defaults and cross defaults. If an event of default occurs, the agent would be entitled to take various actions, including the acceleration of outstanding amounts due under the BRPAC Amended Credit Agreement.

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NOTE 12 — SENIOR NOTES PAYABLE 

Senior notes payable, net, are comprised of the following:September 30,2024December 31,20236.750% Senior notes due May 31, 2024$— $140,492 6.375% Senior notes due February 28, 2025145,302 146,432 5.500% Senior notes due March 31, 2026217,440 217,440 6.500% Senior notes due September 30, 2026180,532 180,532 5.000% Senior notes due December 31, 2026324,714 324,714 6.000% Senior notes due January 31, 2028266,058 266,058 5.250% Senior notes due August 31, 2028405,483 405,483 1,539,529 1,681,151 Less: Unamortized debt issuance costs(9,969)(13,130)$1,529,560 $1,668,021 The Company issued zero during the three months ended September 30, 2024 and 2023, respectively, and zero and $185 during the nine months ended September 30, 2024 and 2023, respectively, of senior notes. The maturity dates of senior notes ranged from February 2025 to August 2028 pursuant to At the Market Issuance Sales Agreements with B. Riley Securities, Inc. which governs the program of at-the-market sales of the Company’s senior notes. A series of prospectus supplements were filed by the Company with the SEC in respect of the Company’s offerings of these senior notes.In June 2023, the Company entered into note purchase agreements in connection with the 6.75% Senior Notes due 2024 (“6.75% 2024 Notes”) that were issued for the Targus acquisition. The note purchase agreements had a repurchase date of June 30, 2023 on which