#United States #Los Angeles #B. Riley Financial #Oaktree Capital #Term Loan Facility

B. Riley Financial Enhances Financial Flexibility through Credit Facility Amendment

B. Riley Financial, Inc. (NASDAQ: RILY) has recently made headlines with a strategic amendment to its senior secured credit agreement with Oaktree Capital Management. This move marks a significant step in the company's efforts to optimize its financial structure and operational capabilities.

Overview of the Amendment

On July 9, 2025, B. Riley Financial announced that the revised term loan facility aims to bolster the Company's flexibility by allowing greater capital usage. The key features of this amendment include:

• - New Investment Basket: An incremental investment allowance of up to $100 million, facilitating transactions that utilize B. Riley's financial balance sheet.
• - Increased Parent Company Investment: An upsized investment basket for the parent company, which has been increased from $20 million to $30 million.
• - Cash Deployment Option: The ability to allocate up to $25 million in cash to mitigate other indebtedness, including potential repurchases of the Company's unsecured notes.

With this amendment, B. Riley's Chairman and Co-CEO, Bryant Riley, expressed gratitude toward Oaktree, emphasizing how this agreement will not only strengthen their partnership but also open new opportunities for the Company.

Previous Credit Agreement Context

This amendment builds upon the initial credit agreement executed back in February 2025. The original facility was primarily utilized to pay off outstanding debts from B. Riley's Nomura Senior Secured Credit Agreement, coupled with funding for working capital needs. Importantly, no additional borrowing was permitted under the original terms, highlighting a careful focus on managing existing obligations rather than accruing new debt.

Although the amendments significantly enhance operational capabilities, it's noted that there were no other substantial changes to the terms of the Term Loan Facility in this recent update.

B. Riley Financial at a Glance

B. Riley Financial is recognized as a diversified financial services provider, offering tailored solutions to meet the diverse needs of its clients and partners. The company's innovative approach combines various operational entities to deliver robust services, ranging from investment banking and institutional brokerage to private wealth management. Their extensive expertise across different platforms allows B. Riley to cater to clients through all stages of business life cycles.

The firm often engages in opportunistic investments geared toward maximizing shareholder value, while certain affiliates focus on originating and underwriting senior secured loans for asset-rich companies. With a strong commitment to financial consulting, corporate restructuring, and comprehensive appraisal and valuation services, B. Riley stands at the forefront of the financial sector.

Looking Ahead: What the Future Holds

The recent amendment is expected to facilitate B. Riley's further growth and investment options, allowing the company to remain agile in an ever-evolving marketplace. As businesses face challenges in the current economic landscape, having enhanced financial flexibility could differentiate B. Riley Financial in its quest for continued success.

As the company navigates forward, both investors and clients will be keenly observing how these changes translate into strategic opportunities that drive long-term profitability and resilience within the dynamic financial services sector.

Conclusion: With the landscape of financial services becoming increasingly competitive, B. Riley Financial's proactive steps in amending its credit facility signify a robust approach to fortifying its financial standing. As they aim to capitalize on this newly acquired flexibility, the market will watch closely for developments that stem from this strategic decision.