B. Riley Financial Earlier Disclosed It Secured An Extension Under Its Existing Credit Agreement With Nomura Corporate Funding Americas, Of The Time Required To Deliver Its 2023 Audited Financial Statements To The Administrative Agent
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B. Riley Financial announced it has obtained an extension from Nomura Corporate Funding Americas under its existing credit agreement for the delivery time of its 2023 audited financial statements to the administrative agent.
March 28, 2024 | 1:05 pm
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B. Riley Financial has successfully negotiated an extension for the submission of its 2023 audited financial statements, indicating a positive negotiation outcome with its creditor, Nomura Corporate Funding Americas.
Securing an extension for the delivery of audited financial statements typically reflects positively on a company's relationship with its creditors and can reassure investors about the company's financial management and negotiation capabilities. This news is likely to be viewed positively by investors, potentially leading to a short-term uptick in RILY's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90