B. Riley Financial Shares Rise After Securing New Debt Financing

Dow Jones

27 Feb

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

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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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Riley Financial Shares Rise After Securing New Debt Financing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2025-02-27 22:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\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. 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. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 09:13 ET (14:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514388135","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514388135","pubTimestamp":1740665580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"B. 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Riley Financial shares rose 27% in premarket trading Thursday after securing new debt financing from funds managed by Oaktree Capital Management. \n\n\n  Shares were trading around $7.17. The stock is down about 69% over the last year. \n\n\n  The financial services company said it entered into a new $160 million senior secured debt facility. 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