Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 64

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 to its credit agreement, dated August 21, 2023, with Nomura Corporate Funding Americas, LLC, as administrative agent (the “Fifth Amendment”). The Fifth Amendment extended the springing maturity date of the term loans if more than $25,000 aggregate principal amount of the 5.50% 2026 Notes is outstanding to February 3, 2026 and permits under certain conditions an additional $10,000 of telecommunications financing.As of June 30, 2024 and December 31, 2023, the outstanding balance on the term loan was $452,548 (net of unamortized debt issuance costs of $17,202) and $475,056 (net of unamortized debt issuance costs of $18,694), respectively. Interest expense on the term loan during the three months ended June 30, 2024 and 2023 was $14,609 (including amortization of deferred debt issuance costs of $1,087) and $7,557 (including amortization of deferred debt issuance costs of $536), respectively, and during the six months ended June 30, 2024 and 2023 was $29,593 (including amortization of deferred debt issuance costs of $2,152) and $14,857 (including amortization of deferred debt issuance costs of $1,062), respectively. The interest rate on the term loan as of June 30, 2024 and December 31, 2023 was 11.33% and 11.37%, respectively.The Company had an outstanding balance of zero under the revolving facility as of June 30, 2024 and December 31, 2023. Interest on the revolving facility during the three months ended June 30, 2024 and 2023 was $495 (including unused 

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commitment fees of $239 and amortization of deferred financing costs of $256) and $1,527 (including unused commitment fees of $28 and amortization of deferred financing costs of $151), respectively, and during the six months ended June 30, 2024 and 2023 was $992 (including unused commitment fees of $484 and amortization of deferred financing costs of $508) and $3,483 (including unused commitment fees of $28 and amortization of deferred financing costs of $301), respectively. The interest rate on the revolving facility as of June 30, 2024 and December 31, 2023 was