Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 242

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 2
Chunk 242
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 unamortized debt issuance costs of $18.7 million), respectively. Interest on the term loan during the three months ended September 30, 2024 and 2023 was $6.1 million (including amortization of deferred debt issuance costs of $1.4 million) and $11.3 million (including amortization of deferred debt issuance costs of $0.8 million), respectively, and during the nine months ended September 30, 2024 and 2023 was $18.8 million (including amortization of deferred debt issuance costs of $3.6 million) and $26.1 million (including amortization of deferred debt issuance costs of $1.8 million), respectively. The interest rate on the term loan as of September 30, 2024 and December 31, 2023 was 12.13% and 11.37%, respectively. 

We 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 $0.4 million (including unused commitment fees of $0.2 million and amortization of deferred financing costs of $0.2 million) and $1.9 million (including unused commitment fees of  $0.05 million and amortization of deferred financing costs of $0.2 million), respectively, and during the nine months ended September 30, 2024 and 2023 was $1.4 million (including unused commitment fees of $0.7 million and amortization of deferred financing costs of $0.7 million) and $5.4 million (including unused commitment fees of $0.08 million and amortization of deferred financing costs of $0.5 million), respectively. The interest rate on the Revolving Credit Facility as of September 30, 2024 and December 31, 2023 was 11.37%.

BRPAC Credit Agreement

On 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 ours, 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