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B. Riley Financial files for sale of senior notes

B. Riley Financial Inc. filed a prospectus for the sale of up to $19 million of its 7.25% senior notes due 2027, its 7.50% senior notes due 2027 and its 7.50% senior notes due 2021.

The notes can be sold from time to time under a Dec. 18 sales agreement reached with B. Riley FBR Inc., which will be eligible to receive up to 2% of the gross proceeds from the notes sold through it as the company's agent.

The 7.25% senior notes due 2027 will mature Dec. 31, 2027; the 7.50% senior notes due 2027 will mature May 31, 2027; and the 7.50% notes due 2021 will mature Oct. 31, 2021. All of the notes can be redeemed by the company in whole or in part, as long as it does so on or after Dec. 31, 2020, for the 7.25% senior notes; on or after May 31, 2020, for the 7.50% senior notes due 2027; and on or after Oct. 31, 2018, for the 2021 notes.

The interest will be payable to the note holders on record at the close of business Jan. 31, April 30, July 31 and Oct. 31 of each year.