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B. Riley Financial closes debt offering

B. Riley Financial Inc. has closed the sale of a public offering of $100.1 million aggregate principal amount of 7.375% senior notes due 2023.

The amount included an overallotment option to purchase $13.1 million aggregate principal amount of additional notes, which the underwriters exercised in full.

The offering resulted in net proceeds of about $96.9 million, after deducting the underwriting discounts and commissions, but before expenses. The company plans to use a part of these proceeds to fund a portion of the previously announced acquisition of magicJack VocalTec Ltd.

B. Riley FBR Inc., Ladenburg Thalmann & Co. Inc. and Incapital LLC are acting as book-running managers for the offering. Boenning & Scattergood Inc., Wedbush Securities Inc. and William Blair & Co. LLC are acting as co-managers.