Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
B. Riley Financial, Inc. (NASDAQ: RILY) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
B. Riley Financial has announced the appointment of Tammy Brandt to its Board of Directors, expanding the board to 10 members. Brandt brings nearly two decades of legal expertise in strategic matters such as M&A, corporate governance, and data security. Currently, she is the Chief Legal Officer at FaZe Clan, which plans to merge with B. Riley Principal 150 Merger Corp. (BRPM). This appointment is seen as a move to enhance the company’s advisory capabilities and strengthen its leadership.
B. Riley Financial (NASDAQ: RILY) announced the acquisition of a performing credit receivables portfolio from W.S. Badcock Corporation, valued at approximately $400 million. The portfolio includes receivables totaling $535 million as of December 15, 2021. This purchase is expected to enhance EBITDA and provide additional cash flow throughout its lifecycle. B. Riley Financial has established a new receivables business aimed at debt monetization solutions, leveraging its strong asset base of over $5 billion as of September 30, 2021.
B. Riley Financial (NASDAQ: RILY) announced the sale of approximately $22.7 million in additional aggregate principal amount of its 5.00% Senior Notes due 2026, following the partial exercise of underwriters' options related to a prior public offering of $300 million in Notes. Total net proceeds from the offering reached $312.5 million. The proceeds will be utilized for general corporate purposes, including funding acquisitions, refinancing existing debt, and working capital needs. Trading of the Notes commenced on December 6, 2021 under the ticker symbol RILYG.
B. Riley Financial (NASDAQ: RILY) announced the successful closure of a $300 million public offering of 5.00% Senior Notes due 2026. The offering generated net proceeds of approximately $290.5 million after discounts. The Notes are rated BBB+ by Egan-Jones and will trade on the Nasdaq Global Market under the symbol RILYG. Proceeds will be used for general corporate purposes, including acquisitions, debt repayment, and working capital. Underwriters have an option for an additional $45 million.
B. Riley Financial has priced an underwritten public offering of $300 million in 5.00% Senior Notes due 2026. The offering is expected to close on December 3, 2021, with an option for underwriters to purchase an additional $45 million in Notes. The Notes received a BBB+ rating, with plans to list on the Nasdaq under RILYG. Proceeds will fund acquisitions, refinance debt, and support operational needs. The issuance is part of B. Riley's broader strategy for growth and client support.
B. Riley Financial (NASDAQ: RILY) announced a public offering of $150 million in Senior Notes due 2026, subject to market conditions. The offering includes a 30-day option for underwriters to purchase additional notes. The notes received a BBB+ rating from Egan-Jones Ratings Company. Proceeds will be used for general corporate purposes like funding acquisitions, refinancing debt, and working capital. The Notes are expected to be listed on the Nasdaq Global Market under the symbol 'RILYG.'
B. Riley Securities, a subsidiary of B. Riley Financial (NASDAQ: RILY), will host a Crypto Conference on December 8, 2021, in New York, NY. This invitation-only event is designed for institutional investors to explore insights into the evolving crypto economy.
CEO Andy Moore highlighted that the conference will feature keynotes and panels, including discussions led by industry experts. Attendees can engage in meetings and fireside chats with a range of public digital asset companies, providing a unique opportunity for knowledge sharing.
B. Riley Financial reported strong Q3 2021 results with a net income of $48.6 million, up 3% year-over-year. Total revenues surged to $381.5 million, marking a 69% increase. The company declared a $4.00 quarterly dividend, including a $3.00 special dividend, reflecting confidence in cash flows. Operating revenue rose 87% to $363.3 million, with operating adjusted EBITDA increasing by 50% to $101.1 million. B. Riley also made progress in reducing debt expenses and expanding its investment banking and wealth management divisions.
B. Riley Securities has concluded its cash tender offer for up to 2,000,000 American Depositary Shares (ADS) of DoubleDown Interactive (Nasdaq: DDI) at $18.00 per ADS. The offer expired on October 22, 2021, and was oversubscribed, with 3,228,289 DDI ADS tendered. B. Riley will purchase the ADS on a pro rata basis, with a preliminary proration factor of approximately 61.95%. This tender offer was structured per the Offer to Purchase dated September 23, 2021.
B. Riley Financial (NASDAQ: RILY) has announced an investor call scheduled for October 28, 2021, to discuss its third-quarter results. The call will take place at 4:30 p.m. Eastern and will be hosted by Co-CEOs Bryant Riley and Tom Kelleher, along with Phillip Ahn, CFO and COO, including a Q&A session.
An earnings release will be issued shortly after market close before the call. Investors can access the live broadcast and replay via the company's investor relations website.
