B. Riley Financial Inc. has commenced a public offering of $25 million aggregate principal amount of 10-year senior notes.

The company grants the underwriters a 30-day option to purchase additional senior notes in connection with the offering solely to cover any overallotments.

Net proceeds from the offering are expected to be used for general corporate purposes.

B. Riley FBR Inc., Incapital LLC, and Ladenburg Thalmann & Co. Inc. 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.