---
title: "B. Riley Financial to Cut Debt by $12 Million Via Bond Exchange Deal"
description: "B. Riley Financial announced an exchange agreement with an institutional investor to reduce its debt by approximately $12 million. The deal involves exchanging about $22 million in senior notes for $1"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/234853691.md"
published_at: "2025-04-07T15:40:39.000Z"
---

# B. Riley Financial to Cut Debt by $12 Million Via Bond Exchange Deal

> B. Riley Financial announced an exchange agreement with an institutional investor to reduce its debt by approximately $12 million. The deal involves exchanging about $22 million in senior notes for $10 million in new 8% senior secured second lien notes due January 1, 2028. Additionally, the company will issue warrants for 40,000 common shares at an exercise price of $10 per share, exercisable for seven years. Following the announcement, B. Riley Financial's shares fell over 4%.

B. Riley Financial said Monday it entered into an exchange agreement with an institutional investor that will reduce its outstanding debt by about $12 million.

The investor agreed to exchange roughly $22 million in outstanding senior notes for $10 million in newly issued 8% senior secured second lien notes due Jan. 1, 2028, the company said.

B. Riley will also issue warrants to purchase 40,000 common shares at an exercise price of $10 per share. The warrants will be exercisable for seven years from the date of issuance, the company added.

Shares of B. Riley Financial were down more than 4% in recent trading.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.