Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 352

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 352
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 amount of $4,000, and any remaining principal balance is due at final maturity on January 6, 2030.The BRPAC Amended Credit Agreement contains certain covenants, including those limiting the Credit Parties’, and their subsidiaries’, ability to incur indebtedness, incur liens, sell or acquire assets or businesses, change the nature of their businesses, engage in transactions with related parties, make certain investments or pay dividends. In addition, the BRPAC Amended Credit Agreement requires 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.

NOTE 11 — SENIOR NOTES PAYABLE 

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Senior notes payable, net, are comprised of the following:June 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(10,964)(13,130)$1,528,565 $1,668,021 The Company issued zero and $185 during the three months ended June 30, 2024 and 2023, respectively, and zero and $185 during the six months ended June 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