B. Riley Financial, Inc. (NASDAQ:RILY) Files An 8-K Other Events
Item 8.01. Other Events.

On December 18, 2017, B. Riley Financial, Inc. (the “Company”) issued an additional $10,500,000 aggregate principal amount of the Company’s 7.25% Senior Notes due 2027 (the “Notes”) to an underwriting agreement with B. Riley FBR, Inc., as representative of the several underwriters listed on Schedule A thereto (collectively, the “Underwriters”). The issuance was to the Underwriters’ exercise of their entire overallotment option granted in the original offering of $70,000,000 aggregate principal amount of Notes. The newly issued Notes have the identical terms as the original $70,000,000 aggregate principal amount of Notes and are governed by the same supplemental indenture as described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on December 13, 2017. The Notes were issued to the Company’s shelf registration statement on Form S-3 (Registration No. 333-221715) initially filed with the Commission on November 22, 2017, and declared effective by the Commission on November 29, 2017 (the “Registration Statement”).

Attached as Exhibit5.1 to this Current Report and incorporated herein by reference is a copy of the opinion of Morrison& Foerster LLP relating to the validity of the Notes that may be sold in the offering (the “Legal Opinion”). The Legal Opinion is also filed with reference to, and is hereby incorporated by reference into, the Registration Statement.

On December 18, 2017, the Company issued a press release announcing the closing of the offering of $10,500,000 million aggregate principal amount of the Notes. A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

B. Riley Financial, Inc. Exhibit
EX-5.1 2 s108459_ex5-1.htm EXHIBIT 5.1   Exhibit 5.1     425 Market Street San Francisco California 94105-2482   Telephone: 415.268.7000 Facsimile: 415.268.7522   www.mofo.com morrison foerster llp   beijing,…
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About B. Riley Financial, Inc. (NASDAQ:RILY)

B. Riley Financial, Inc. provides collaborative financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a investment bank which provides corporate finance, research, and sales and trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Capital Management, LLC, an Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, LLC, a provider of senior secured loans and second lien secured loan facilities to middle market public and private United States companies.