B. Riley Financial Announces Private Bond Exchange to Reduce Debt by Approximately $46 Million

Exchange Eliminates More than $100 Million in 2026 Maturities

LOS ANGELES, May 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $46 million.

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