June 17, 2021

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B. Riley Fiscal Announces Offering of $100 Million Senior Notes Because of 2028 and “BBB+” Rating from Egan-Jones

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LOS ANGELES, Jan. 20, 2021 /PRNewswire/ — B. Riley Economic, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”) right now declared it has commenced an underwritten registered community featuring of $100 million aggregate principal volume of senior notes owing 2028, matter to sector and specific other circumstances. The Firm expects to grant the underwriters a 30-working day possibility to buy further senior notes in link with the giving.

B. Riley Fiscal and this issuance of notes the two received an expenditure grade score of BBB+ from Egan-Jones Scores Firm, an unbiased, unaffiliated rating agency.

The Organization expects to use the net proceeds in excess of $50 million from the sale of the notes for the redemption of all or a part of its existing 7.50% Senior Notes thanks 2027 as quickly as practicable and the remaining net proceeds for normal corporate functions, which includes funding potential acquisitions and investments, repaying indebtedness, building funds expenditures and funding doing work money.

B. Riley Securities, Ladenburg Thalmann, National Securities Company, William Blair and Incapital are acting as e-book-managing managers for this presenting. Aegis Funds Corp., Boenning & Scattergood, Huntington Cash Markets, Newbridge Securities Corporation and Wedbush Securities are acting as co-administrators.

The notes will be provided under the Firm’s shelf registration assertion on Type S-3, which was declared productive by the Securities and Trade Fee (“SEC”) on February 24, 2020. The supplying of these notes will be built only by indicates of a prospectus dietary supplement and accompanying foundation prospectus, which will be submitted with the SEC.

Copies of the prospectus supplement and the accompanying foundation prospectus could be received on the SEC’s web page at www.sec.gov, or by calling B. Riley Securities by cellular phone at (703) 312-9580, or by emailing [email protected].

This press launch shall not constitute an give to promote or the solicitation of an provide to buy, nor shall there be any sale of the notes in any point out or jurisdiction in which these types of provide, sale or solicitation would be unlawful prior to registration or qualification less than the securities legislation of any these types of state or jurisdiction.

About B. Riley Money (NASDAQ:RILY)
B. Riley Money, Inc. gives collaborative financial companies remedies customized to fit the capital raising, business enterprise, operational, and monetary advisory requirements of its clientele and companions. B. Riley operates through quite a few subsidiaries which present a assorted assortment of complementary stop-to-finish capabilities spanning investment banking and institutional brokerage, private wealth and expense management, corporate advisory, restructuring, owing diligence, forensic accounting, litigation support, appraisal and valuation, and auction and liquidation solutions. Particular registered affiliates of B. Riley originate and underwrite senior secured financial loans for asset-wealthy businesses. B. Riley also makes proprietary investments in companies and belongings with beautiful return profiles.

Forward-Looking Statements
Statements in this press release that are not descriptions of historic details are ahead-looking statements that are dependent on management’s recent anticipations and assumptions and are topic to challenges and uncertainties. If this sort of dangers or uncertainties materialize or this kind of assumptions show incorrect, our enterprise, operating final results, financial ailment and inventory cost could be materially negatively influenced. You really should not location undue reliance on this kind of forward-seeking statements, which are primarily based on the info currently available to us and communicate only as of the date of this press release. These types of ahead on the lookout statements include things like, but are not constrained to, statements with regards to the phrases and ailments and timing of the senior notes presenting and the supposed use of proceeds. For the reason that these ahead-hunting statements require known and unidentified pitfalls and uncertainties, there are vital variables that could trigger true final results, functions or developments to vary materially from individuals expressed or implied by these forward-looking statements. Factors that could induce real outcomes to differ involve (with no limitation) the possibility that the notes supplying will not be consummated at the envisioned time, on the expected phrases, or at all and the Company’s economic effectiveness and these hazards described from time to time in B. Riley’s periodic filings with the SEC, together with, without limitation, the hazards described in B. Riley’s Once-a-year Report on Kind 10-K for the 12 months ended December 31, 2019 beneath the captions “Threat Aspects” and “Management’s Discussion and Analysis of Financial Problem and Outcomes of Functions.” Supplemental data is also established forth in our Quarterly Studies on Kind 10-Q for the quarters finished March 31, 2020, June 30, 2020 and September 30, 2020. These factors ought to be regarded cautiously, and readers are cautioned not to area undue reliance on these kinds of ahead-looking statements. All information is recent as of the day this push release is issued, and B. Riley undertakes no duty to update this information and facts.

Supply B. Riley Financial

Relevant Hyperlinks

www.brileyfin.com

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