B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree
Portfolio Pulse from
B. Riley Financial has secured a $160 million debt financing from Oaktree and retired its Nomura Senior Secured Credit Facility. The company also made a strategic investment and loan in a joint venture overseeing JOANN's liquidation.
February 27, 2025 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
B. Riley Financial has secured significant financing from Oaktree, retired a credit facility, and invested in a joint venture for JOANN's liquidation, indicating strategic financial maneuvers.
The $160 million financing from Oaktree strengthens B. Riley's financial position. Retiring the Nomura facility reduces debt obligations, and the investment in JOANN's liquidation could yield returns, positively impacting RILY's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100