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home / news releases / b riley s 2026 bonds outshine equity amid deleveragi

RILYP - B Riley's 2026 Bonds Outshine Equity Amid Deleveraging Plans

B. Riley Financial Inc. Depositary Shares each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock

2024-07-01 08:46:58 ET

Summary

  • RILY's share price influenced by rumors and controversies, leading to delays in releasing 10-K and impacting capital market segment.
  • Brokerage activities winding down, impacting balance sheet with decline in securities borrowed assets and liabilities.
  • Deleveraging efforts include redemption of senior notes and repayment of loans, with potential to repurchase debt at a discount.

Investment Thesis

The prevalent theme impacting B Riley's ( RILY ) fundamentals in the past quarter has been deleveraging. The ticker's share price has been influenced by factors beyond fundamentals however, particularly rumors and controversies regarding their association with Brian Kahn, the CEO of Franchise Group. Kahn was linked to individuals found guilty of securities fraud, according to a Bloomberg article published earlier this year....

For further details see:

B Riley's 2026 Bonds Outshine Equity Amid Deleveraging Plans
Stock Information
Company Name: B. Riley Financial Inc. Depositary Shares each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock
Stock Symbol: RILYP
Market: NYSE
Website: brileyfin.com
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