Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 358

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 358
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) and $26,105 (including amortization of deferred debt issuance costs of $1,820), respectively. The interest rate on the term loan as of September 30, 2024 and December 31, 2023 was 12.13% and 11.37%, respectively.The Company had an outstanding balance of zero under the revolving facility as of September 30, 2024 and December 31, 2023. Interest on the revolving facility during the three months ended September 30, 2024 and 2023 was $428 (including unused commitment fees of $204 and amortization of deferred financing costs of $224) and $1,913 (including unused commitment fees of $52 and amortization of deferred financing costs of $195), respectively, and during the nine months ended September 30, 2024 and 2023 was $1,420 (including unused commitment fees of $688 and amortization of deferred financing costs of $732) and $5,396 (including unused commitment fees of $80 and amortization of deferred financing costs of $496), respectively. The interest rate on the Revolving Credit Facility as of September 30, 2024 and December 31, 2023 was 11.37%.BRPAC Credit AgreementOn December 19, 2018, BRPI Acquisition Co LLC (“BRPAC”), a Delaware limited liability company, UOL, and YMAX Corporation, Delaware corporations (collectively, the “Borrowers”), indirect wholly owned subsidiaries of the Company, in the capacity as borrowers, entered into a credit agreement (the “BRPAC Credit Agreement”) with the Banc of California, N.A. in the capacity as agent (the “Agent”) and lender and with the other lenders party thereto (the “Closing Date Lenders”). Certain of the Borrowers’ U.S. subsidiaries are guarantors of all obligations under the BRPAC Credit Agreement and are parties to the BRPAC Credit Agreement in such capacity (collectively, the “Secured Guarantors”; and together with the Borrowers, the “Credit Parties”). In addition, the Company and B. Riley Principal Investments, LLC, the parent corporation of BRPAC and a subsidiary of the Company, are guarantors of the obligations under the BRPAC Credit Agreement pursuant to standalone guaranty agreements pursuant to which the shares outstanding membership interests of BRPAC are pledged as collateral.The obligations under the BRPAC Credit Agreement are secured by first