B. Riley Financial Inc. has priced an underwritten public offering of $70 million aggregate principal amount of 7.25% senior notes due 2027 at 100% of the principal amount.
Underwriters have a 30-day option to buy up to an additional $10.5 million aggregate principal amount of notes to cover any overallotments.
Net proceeds of the offering may be used for general corporate purposes.
The offering is expected to close Dec. 13.
B. Riley FBR Inc., Incapital LLC and Ladenburg Thalmann & Co. Inc. are book-running managers and Boenning & Scattergood Inc., Wedbush Securities Inc. and William Blair & Co. LLC are co-managers for the offering.