B. Riley Financial Shares Rise After Securing New Debt Financing

Dow Jones

02/27

By Denny Jacob

B. Riley Financial shares rose 27% in premarket trading Thursday after securing new debt financing from funds managed by Oaktree Capital Management.

Shares were trading around $7.17. The stock is down about 69% over the last year.

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.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 27, 2025 09:13 ET (14:13 GMT)

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Riley Financial Shares Rise After Securing New Debt Financing\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-02-27 22:13</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Denny Jacob \n</p>\n<pre>\n \n</pre>\n<p>\n  B. Riley Financial shares rose 27% in premarket trading Thursday after securing new debt financing from funds managed by Oaktree Capital Management. \n</p>\n<p>\n  Shares were trading around $7.17. The stock is down about 69% over the last year. \n</p>\n<p>\n  The financial services company said it entered into a new $160 million senior secured debt facility. 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