B. Riley raises $236 million in asset sale to pay down debt [Yahoo! Finance Canada]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Yahoo! Finance Canada
a month to raise cash and cut its debt load, this time collecting $236 million by divesting rights to its stable of consumer brands. The shares gained as much as 18% in New York trading. B. Riley Financial, Inc. (RILY) Most Read from Bloomberg Among the brands included were Hurley, English Laundry and Limited Too, the company said in a statement Tuesday. B. Riley secured about $189 million in net proceeds for that part of the deal, while a transaction for licenses to the bebe and Brookstone brands took in $47 million. Hilco Global and TPG Angelo Gordon acquired the assets through a joint venture, according to a separate statement. “With the completion of this transaction and the expected sale of a majority stake in Great American Group in late November, we are moving from a period of asset monetization to a renewed focus on growth in our core financial-services operating businesses,” Chief Executive Officer Bryant Riley said in the statement. “There remains a huge opportunit
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RILY
News
- B. Riley Securities Announces Energy Convergence Conference on December 4th [Yahoo! Finance]Yahoo! Finance
- B. Riley Securities Announces Energy Convergence Conference on December 4thPR Newswire
- Going Public as PE Backed Company: NYSE Head of Financial Sponsor Coverage Tad Nacheff, Live from NYSE [Yahoo! Finance]Yahoo! Finance
- Vitamin Shoppe Owner Franchise Group Inc. Files For Chapter 11 [Forbes]Forbes
- B. Riley-backed Vitamin Shoppe owner files for bankruptcy [Yahoo! Finance]Yahoo! Finance
RILY
Sec Filings
- 11/4/24 - Form 8-K
- 10/31/24 - Form 8-K
- 10/30/24 - Form 8-K
- RILY's page on the SEC website