Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 355

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 355
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4 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, 2025April 7, 2025May 21, 2025June 30, 20255.00% Senior Notes due 2026$36,745 $7,000 $75,000 $8,021 $126,766 5.50% Senior Notes due 202686,309 — 29,535 — 115,844 5.25% Senior Notes due 2028— 5,000 — 18,096 23,096 6.00% Senior Notes due 2028— 10,000 34,537 1,892 46,429 Total exchanged Senior Notes principal$123,054 $22,000 $139,072 28,009 $312,135 8.00% New Notes principal due in 2028$87,753 $9,992 $93,067 $13,000 203,812 Warrants issued with the exchange (Note 19)351,012 39,968 372,268 52,000 815,248 

53

The total principal amount of New