B. Riley Amends Senior Credit Line With Oaktree, Cuts Debt

B. Riley Financial has amended its senior secured credit pact with Oaktree Capital that increases operational flexibility.

• Amendment provides new investment basket of $100 million for transactions using B. Riley Financial’s balance sheet
• $30m investment basket for parent company investments, up from $20 million
• Amendment incl ability to deploy up to $25 million of cash to reduce other indebtedness
• No incremental borrowings allowed under facility
• Outstanding balance reduced to $62.5 million
• NOTE: B. Riley Jumps After Paying Back Nomura With Oaktree Loan (1)

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