B. Riley Financial Inc. said it has priced an underwritten registered public offering of $87 million aggregate principal amount of 6.875% senior notes due 2023.
The company intends to grant the underwriters a 30-day option to purchase additional $13.1 million aggregate principal amount of senior notes to cover overallotments.
The company intends to use the net proceeds for general corporate purposes.
B. Riley FBR, Janney Montgomery Scott, Ladenburg Thalmann and Incapital are acting as book-running managers for the offering. Wedbush Securities, William Blair and Tribal Capital Markets LLC are acting as co-managers.