Rick Green

1 month ago | news.bloombergtax.com | Rick Green

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1 month ago | news.bloomberglaw.com | Rick Green

Package includes double-digit interest, warrants for 6% stakeMost of Oaktree’s new money goes to pay off existing debtB. Riley Financial Inc.lined up new funding to replace Nomura Holdings Inc., erasing what’s left of a loan tied to an ill-fated buyout deal that has hobbled the brokerage and investment firm. The shares gained as much as 28% in New York trading. Oaktree Capital Management LP, the investment firm led by Howard Marks, stepped in for the second time in less than a year to help B.

1 month ago | news.bloomberglaw.com | Rick Green

B. Riley Financial Inc.lined up new funding to replace Nomura Holdings Inc., erasing what’s left of a loan tied to an ill-fated buyout deal that has hobbled the brokerage and investment firm. The shares jumped 20% in premarket trading. Oaktree Capital Management LP, the investment firm led by Howard Marks, stepped in for the second time in less than a year to help B. Riley, this time with a deal that could give Oaktree a 6% stake.

1 month ago | ca.finance.yahoo.com | Rick Green

(Bloomberg) -- B. Riley Financial Inc. lined up new funding to replace Nomura Holdings Inc., erasing what’s left of a loan tied to an ill-fated buyout deal that has hobbled the brokerage and investment firm. The shares jumped 20% in premarket trading.

2 months ago | news.bloomberglaw.com | Rick Green

B. Riley Financial Inc. jumped in New York trading after the investment and brokerage firm said it has enough cash for the next 12 months, as it continues to navigate a slew of soured investments and cope with upcoming debt payments. The company said in a filing that its current cash and cash equivalents, securities and other investments, funds from its credit facilities — plus cash it expects to generate — will be enough to meet its working capital and capital expenditures for the coming year.