Company: RILYN
Filing Date: 2025-10-14
Form Type: 8-K
Source: 0001213900-25-098390
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Company: B. Riley Financial, Inc.
Filing Date: 2025-10-14
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

Amendment to Credit Agreement

On October 8, 2025, B. Riley Financial, Inc. (the
“ Company”) and its wholly owned subsidiary BR Financial Holdings, LLC (the “Borrower”) entered
into an amendment (the “ Credit Agreement Amendment”) to that certain Credit Agreement, dated as of February 26, 2025,
by and among the Company, Borrower, each of the lenders party thereto, and Oaktree Fund Administration, LLC, as administrative agent
and as collateral agent (as amended by the Amendment No. 1 to Credit Agreement, dated as of February 26, 2025 and the Amendment No. 2
to Credit Agreement, dated as of July 8, 2025, the “ Credit Agreement”).

Pursuant to the Credit Agreement, the maturity
date for the Initial Term Loans (as defined in the Credit Agreement) matures on the earlier of (i) February 26, 2028, and (ii) a springing
maturity date 91 days prior to the maturity of any series of bonds, notes or bank indebtedness of the Company or the Borrower (other
than the Company’s 6.375% Senior Notes due February 28, 2025 and the Company’s 5.50% Senior Notes due March 31, 2026) outstanding
on such date with an aggregate outstanding amount exceeding $10,000,000. The Credit Agreement Amendment provides that this springing
maturity date shall in no event occur prior to March 31, 2027, thereby extending the earliest possible maturity date of the Initial Term
Loans from July 1, 2026.

The foregoing description of the Credit Agreement
Amendment is qualified in its entirety by reference to the full text of the Credit Agreement Amendment filed as Exhibit 10.1 to this
Current Report on Form 8-K and incorporated herein by reference.

Item 5.02(a) Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 10, 2025, Michael
Sheldon, a member of the Company’s Board of Directors, informed the Company of his decision not to seek re-election at the Company’s
next annual meeting of stockholders. Mr. Sheldon has no disagreements with the Company on any matters related to the Company’s operations,