UPDATE–the ticker for this will be RILYM when it hits the market in a week (more or less).
Financial firm B Riley Financial (RILY) has announced an offering of new baby bonds.
The new offering will mature in 2025 and will have an early call period starting in 2021. Like many of the B Riley baby bond issues the issue will have a bonus for early redemption–3% the first year, 2% the 2nd and 1% the 3rd year–then at $25 thereafter.
The company plans to use the proceeds to call at least a portion of the 7.50% baby bonds (RILYZ) which become callable 5/31/20