B.Riley Financial Shares Were Up Today: What's Going On?
B. Riley Financial, Inc. (NASDAQ: RILY) shares are trading higher Thursday after the company announced a $160 million senior secured debt facility provided by funds managed by Oaktree Capital Management.
Why B. Riley Financial's Stock Is Soaring Today
Shares of the investment bank B. Riley Financial (NASDAQ: RILY) had exploded nearly 19% higher at 10:30 a.m. ET today after the company announced that it had secured new debt financing. Starting 2025 on the offensive It's been a tumultuous few years for B.
B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility ("Term Loan Facility") provided by funds managed by Oaktree Capital Management,
B. Riley Financial Shares Rise After Securing New Debt Financing
The financial services company said it entered into a new $160 million senior secured debt facility. It noted that about $118 million was used to retire outstanding debt under a separate credit agreement and the rest for working capital, including up to $35 million related to the liquidation of fabric and crafts retailer Joann.
B. Riley Financial shares surge on new debt financing and Nasdaq compliance
Shares of B. Riley Financial, Inc. (NASDAQ: RILY) soared 20% following the announcement of a new $160 million debt financing deal with Oaktree and the company's return to compliance with Nasdaq's listing requirements.
B. Riley Financial regains compliance with Nasdaq listing rule
B. Riley Financial (RILY) announced that the company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing
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B Riley Stock Surges On $160M Debt Facility From Oaktree Capital: Retail Sentiment Hits Year-High After 100% Gains In 5 Days
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What is B. Riley’s Forecast for VSE FY2024 Earnings?
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B. Riley Retail Traders Eye Short Covering As Next Key Catalyst After Nasdaq Compliance Win
B. Riley stock (RILY) stock gained 3.2% in aftermarket trade on Wednesday after jumping more than 35% in the regular trading ...