<ul data-eligibleForWebStory="false"><li>B. Riley Financial, Inc. announced a privately negotiated exchange agreement with an institutional investor to reduce its total outstanding debt by about $18 million.</li><li>The agreement involves exchanging approximately $43 million in outstanding Senior Notes for $25 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028.</li><li>The investor will also receive warrants to purchase around 98,000 common shares at an exercise price of $10.00 per share, exercisable for seven years from the issuance date.</li><li>B. Riley Financial's CEO, Bryant Riley, mentioned that this is the fifth bond exchange the company has negotiated in four months, reducing total outstanding debt by approximately $126 million.</li></ul>

B Riley Strikes Deal with Private Investor

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